Shares of Suzlon Energy dropped 7.53 per cent to ₹51.19 on Monday amid a broader market meltdown triggered by escalating global trade tensions. The wind turbine manufacturer, who was recently shifted to a wider 20 per cent price band by exchange regulators, saw its stock fall to an intraday low of ₹46.15, before recovering slightly.
The plunge in Suzlon shares came as Indian markets opened sharply lower following a weekend of intensifying trade conflicts. China’s announcement of 34 per cent tariffs on US imports sent Asian markets tumbling 6-10 per cent, while US futures pointed to further declines of over 2 per cent.
This global sell-off follows last week’s massive decline in US markets, where the Dow Jones Industrial Average fell over 2,200 points on Friday — its worst single-day performance since March 2020. The S&P 500 has now dropped more than 10 per cent in just two days.
Adding to market concerns, Federal Reserve Chair Jerome Powell indicated that the Trump administration’s tariffs could drive up near-term inflation in the US. This creates a policy dilemma as President Trump demands lower interest rates, while the Fed appears reluctant to cut rates amid inflationary pressures.
Energy markets have also been affected, with Brent crude falling sharply to $64 per barrel on growing concerns about global economic growth. For Suzlon and other renewable energy companies, this market volatility creates additional uncertainty as investors reassess global economic prospects and energy sector investments.
Published on April 7, 2025
