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Photograph: (IANS)
Stock Market Today: Dalal Street opened the week with a sharp downturn as the Indian stock market faced a steep fall on Monday morning. This heavy sell-off mirrored global market jitters, driven by rising concerns over escalating trade war tensions and the threat of US-imposed reciprocal tariffs. By 11:15 am, the Sensex had plunged 2,845 points, marking a 3.76% drop to 72,562. Similarly, the Nifty nosedived by 908 points, slipping 3.94% to hit 22,005.
This steep fall came especially after Donald Trump’s reciprocal tariffs came into effect, with China slapping a 34% tariff on US goods. The trade war between the world's two largest economies has sparked high tension globally, causing immense fear among investors and traders.
Sensex, Nifty 50 Dive: ₹16 Lakh Crore Investor Wealth Wiped Out in Stock Market Today
Nearly ₹16 lakh crore of investor wealth has been wiped out from the stock market today. Both of India’s major indices, Sensex and Nifty, opened with a massive gap down.
Looking at the Nifty 50 index, all 50 out of 50 stocks were trading in red—clearly reflecting the scale of market carnage.
Selling pressure wasn’t just limited to large-caps; midcaps and smallcaps too were hammered. The Nifty Midcap 100 index was down by 2,124 points or 4.16 per cent at 48,512, while the Nifty Smallcap 100 saw a dip of 1,055 points before bouncing back around 11:30 am to trade at 14,873.
Sector-wise, all indices were deep in the red, including Auto, IT, Realty, Media, Energy, and Infra. In the Sensex pack, top laggards included Tata Steel, Tata Motors, Infosys, Tech Mahindra, L&T, HCL Tech, TCS, Reliance Industries, NTPC, Axis Bank, M&M, Kotak Mahindra Bank, and IndusInd Bank.
Technical Outlook on Nifty 50 and Sensex Today
Hardik Matalia, Derivative Analyst at Choice Broking, said: “On the technical front, the Nifty 50 has formed a bearish candle on the daily chart, signalling selling pressure at key resistance levels. Immediate support lies at 22,400 and 22,000 for intraday trading. These levels could potentially act as reversal points if supported by favourable price action.”
US Stock Market Suffers Heavy Losses Amid Donald Trump’s Tariff War
The US stock markets witnessed a dramatic fall on Friday after the reciprocal tariffs came into force. The Dow Jones closed down 5.50%, while the Nasdaq index plummeted by 5.82%.
Donald Trump, while addressing concerns, said, “I don’t want anything to go down. But sometimes, you have to take medicines to fix up things.”
#WATCH | As the US stock markets tumbled after the imposition of retaliatory tariffs, US President Donald Trump says, "...I don't want anything to go down. But, sometimes, you have to take medicines to fix up things."
— ANI (@ANI) April 7, 2025
(Source - US Network Pool via Reuters) pic.twitter.com/kzeliFsu7r
His statements, however, haven’t calmed fears as US reciprocal tariffs are being viewed as a major economic disruptor globally, leading to a domino effect in Asian markets and beyond.
Bloodbath in Asian Market: China, Japan, Hong Kong Lead the Decline
The Asian market was in a free fall with massive sell-offs across all major indices:
- China's Shanghai is down by 225.38 points (-6.74%)
- Japan's Nikkei is down by 2,209.11 points (-6.54%)
- Hong Kong's HSI is down by 2,621.69 points (-11.47%)
- China's Shenzhen is down by 882.6 points (-8.52%)
- South Korea's KOSPI is down by 124.94 points (-5.07%)
- Australia's ASX 200 is down by 296.7 points (-3.87%)
- Singapore's STI is down by 293.24 points (-7.66%)
This broad sell-off in the Asian market underscores global investors’ fear of a prolonged economic slowdown triggered by the tariff war.
What Should Investors Do in This Bearish Stock Market?
Gaurav Goel, SEBI-registered investment advisor, noted that the ‘Trump Trade Tariffs (TTT)’ are wreaking havoc across the globe. He said:
“The US might turn out to be the most impacted and Americans the biggest victims. However, India could emerge stronger as trade treaties with other nations are progressing, and we are already negotiating a comprehensive deal with the US.”
He advised investors not to panic amid today's fall: “This could be a blessing in disguise for long-term investors. The current dip is a money-making opportunity. If you have spare funds, deploy one-third today itself. These are chances to build wealth when markets correct.”
The stock market today may be down, but informed decisions and strategic entries during corrections can help investors and traders benefit over time.
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