Indian shares opened sharply lower on Monday (April 6, 2025), as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout on Wall Street and in other Asian markets.
The Nifty 50 declined 5% to 21,758.4 in pre-open trade as of 09:08 a.m. IST, while the BSE Sensex fell 5.29% to 71,379.89. All 13 major sectors declined. The broader small-caps and mid-caps lost 10% and 7.3%, respectively.
Also Read | Donald Trump announces 26% ‘discounted reciprocal tariff’ on India
The Nasdaq index confirmed it entered a bear market on Friday (April 4, 2025), as oil prices and other commodities plunged amid a massive global market decline following Mr. Trump’s announcement of sweeping tariffs on Wednesday (April 2, 2025).
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