Market crash Live: Sensex down 2,800 points, Nifty crashes 900

Sensex Today | Stock Market LIVE: The Indian stock market fell sharply due to the ongoing global trade war sparked by US President Donald Trump’s tariffs.

Market crash Live: The market capitalisation of BSE-listed firms declined sharply by ₹20,16,293.53 crore to ₹3,83,18,592.93 crore.

Sensex Today | Stock Market LIVE: India’s benchmark indices fell sharply on Monday, with concerns over a global trade war and growing recession fears in the US also sparking a stock market rout on Wall Street

and in other Asian markets. Asian shares, in general, nosedived after a meltdown on Wall Street on Friday over Donald Trump’s tariff hikes and the backlash from Beijing.

US futures also signaled further weakness. The future for the S&P 500 lost 2.5% while that for the Dow Jones Industrial Average shed 2.1%. The future for the Nasdaq lost 3.1%.

Donald Trump’s “reciprocal” tariffs came into effect on April 2, with a 10 per cent baseline tax declared on imports from all countries, as well as higher rates for many nations that run trade surpluses with the US.

Among them, there is now a 34 per cent tax on imports from China, a 20 per cent tax on imports from the European Union, 25 per cent on South Korea, 24 per cent on Japan, and 32 per cent on Taiwan.

These new tariffs come on top of all the previously imposed levies, which include the 20 percent tax Trump had announced on all Chinese imports earlier this year.