Stock Market Crash Nifty 50, Sensex, Nifty Bank: Domestic equity benchmarks closed around 3.0 per cent lower each on Monday, April 7, amid fears globally that the ongoing trade war will cost GDP expansion in the world’ s largest economy while delaying reduction in headline interest rates. The sell-off—making investors poorer by Rs 14 lakh crore—comes days before the RBI’s first bi-monthly policy statement of FY26 and the onset of a new corporate earnings season.
The Sensex ended 2,226.8 points, or 3.0 per cent, lower at 73,137.9 while the Nifty 50 gave up 742.9 points, or 3.2 per cent, to settle at 22,161.6—their worst percentage loss since early June on a closing basis.
Investors Poorer by Rs 14 Lakh Crore vs Friday
Investors lost Rs 14.09 lakh crore in wealth compared to Friday, as captured in the market capitalisation of BSE-listed companies, according to provisional exchange data. The mcap stood at Rs 389.26 lakh crore at the end of trade on Monday versus Rs 403.35 lakh crore on Friday, according to provisional exchange data.
What caused the global market crash? Investors remained on tenterhooks amid fears that the ongoing trade war may cause a recission in the world’s largest economy and create ripples across global markets. Read more on what caused the April 7 market crash
Top Nifty 50 Losers Amid Tariff-triggered Market Crash
Except HUL, Zomato and Apollo Hospitals, which rose up to 0.2 per cent, all Nifty50 components fell for the day. Trent, JSW Steel and Tata Steel were the top blue-chip losers, falling between 7.3 per cent and 14.7 per cent. HDFC Bank, ICICI Bank and Reliance were the biggest contributors to the losses in both gauges.
The Nifty Metal was the worst hit among NSE’s sectoral gauges, declining 6.8 per cent. Tata Steel, JSW Steel, Hindalco and Vedanta were the biggest drags on the metal basket.
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Financial stocks were at the frontline of the market-wide sell-off, with the Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services Ex-bank closing 2.8-3.6 per cent lower.
Among other sectors, the realty, IT and auto indices fell between 2.5 per cent and 5.7 per cent.
Investors await the onset of a fresh earnings season on Dalal Street, with IT bellwether Tata Consultancy Services scheduled to report its January-March results on April 10.
Broader indices Nifty Midcap 100 and Nifty Smallcap 100 ended 3.6 per cent and 3.9 per cent lower respectively.
Overall market breadth remained extremely negative throughout the session, with an end-of-day advance-decline ratio of 1:5 as 570 stocks rose against 3,515 that fell on BSE.
ALSO READ: Global Market Crash: Dow Jones futures indicate a gap-down opening on Monday
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