Markets crashed on Monday, with the Sensex plummeting 2,226.79 points (2.95 per cent) to close at 73,137.90 and the Nifty 50 tumbling 742.85 points (3.24 per cent) to end at 22,161.60, as escalating trade tensions between the US and China triggered a global sell-off.
The market opened with a significant gap down, with the Sensex starting at 71,449.94 compared to its previous close of 75,364.69, and the Nifty beginning at 21,758.40 versus its prior close of 22,904.45. The indices touched the day’s lows of 71,425.01 and 21,743, respectively, before recovering slightly by close.
Top gainers
Hindustan Unilever Ltd was the only Sensex stock to close in the green. The stock edged up 0.25 per cent to ₹2,250.15, bucking the broader market trend amid defensive buying in FMCG counters.
Top losers
Tata Steel Ltd led the losses, plunging 7.73 per cent to ₹129.60 as metal stocks faced pressure on fears of higher global tariffs.
Larsen & Toubro Ltd fell 5.78 per cent to ₹3,070.85, weighed down by concerns over a slowdown in infrastructure spending.
Tata Motors Ltd declined 5.54 per cent to ₹579.85 amid global auto sector weakness.
Kotak Mahindra Bank Ltd dropped 4.33 per cent to ₹2,040.50, while Mahindra & Mahindra Ltd slipped 4.11 per cent to ₹2,490.90.
The rout was broad-based, with heavyweights across sectors witnessing steep corrections. Analysts expect continued volatility in the near term, driven by global cues and institutional flows.
Published on April 7, 2025
