Mumbai, April 7
In a bloodbath on the Dalal Street, the stock markets plunged on Monday morning following the global sell-off, as the trade war fear increased amid impending US reciprocal tariffs.
As of 9:55 am, Sensex was down 2,690 points or 3.57 per cent at 72,654 and Nifty was down 881 points or 3.85 per cent at 22,020.
Along with largecaps, massive selling was also seen in the midcaps and smallcaps. Nifty midcap 100 index was down 2,335 points or 4.61 per cent at 48,310 and Nifty smallcap 100 index was down 1,055 points or 6.73 per cent at 14,620.
On the sectoral front, all indices were in the red. Auto, IT, realty, media, energy and infra were major laggards.
In the Sensex pack, Tata Steel, Tata Motors, Infosys, Tech Mahindra, L&T, HCL Tech, TCS, Reliance Industries, NTPC, Axis Bank, M&M, Kotak Mahindra Bank, IndusInd Bank and M&M were major laggards.
Selling was seen in most Asian markets. Tokyo, Shanghai, Bangkok, Seoul and Hang Seng fell upto 11 per cent.
The US markets witnessed a massive sell-off on Friday due to reciprocal tariffs. The Dow closed by 5.50 per cent down and the technology index Nasdaq down by nearly 5.82 per cent.