- By Aditya Pratap Singh
- Mon, 07 Apr 2025 09:25 AM (IST)
- Source:JND
Stock Market Today: In line of international markets, the domestic stock indices are also plunging in the wake of Trump’s tariff announcement. Today i.e. Monday is proving to be a black Monday for Dalal Street. With the year's biggest fall, the Sensex fell 3914 points to open at 71449. While the Nifty opened at 21758 points, down 1146 points from 22000 points.
However, the domestic stock indices recovered a bit and at around 9:20 am, Sensex plunged 3104 points and was at the level of 72259. Whereas, Nifty was trading 973 points down at 21930. From the Sensex pack, Tata Steel tanked over 10 per cent. Tata Motors fell more than 8 per cent, Infosys and Tech Mahindra were down over 7 per cent.
According to market data, only 72 stocks were trading in positive territory on the NSE, whereas, 2434 stocks were trading in the red zone. 586 stocks hit a 52-week low and 281 stocks hit a lower circuit.
Market experts warned of Black Monday 2.0 after US stock markets on Friday, April 4, witnessed their worst trading session and the biggest drop since the COVID-19 pandemic in 2020, whipping over $5 trillion off the market cap. On April 6, Dow Jones futures fell 1,405 points (3.7%), indicating a potential 'Black Monday'. A&P 500 futures fell 4.3%, and Nasdaq-100 futures fell 5.4%.
Asian stock markets fell sharply on Monday after US President Donald Trump raised tariffs last week. The move sparked fears of a trade war with China. In addition, oil prices fell and US stock futures pointed to further declines. Shortly after opening, Japan's Nikkei 225 index fell nearly 8%. South Korea's Kaspi fell 4.4%, and Australia's S&P/ASX 200 fell more than 6%.
Top Losers Among Sensex Stock
All 30 shares of the Sensex were trading in negative territory. Tata Steel, Tata Motors, HCL Tech, L&T and Tech Mahindra were the biggest losers.