At 12:40 pm, the 30-share BSE Sensex was down 4.3 per cent or 3230.13 points at 72,134.56, only marginally better than the opening level of 71,449.94. Around the same time, the broader Nifty 50 index was down 4.52 per cent at 21,870.10read moreIndian stock markets struggled to reclaim massive losses racked up early during the trading session on Monday (April 7), even as the benchmark indices performed better than most Asian peers.At 12:40 pm, the 30-share BSE Sensex was down 4.3 per cent or 3230.13 points at 72,134.56, only marginally better than the opening level of 71,449.94.Around half past noon, Tata Steel, Tata Motors, Larsen and Toubro, HCLTech, and Kotak Mahindra Bank were the top laggards in the Sensex pack.AdvertisementThis snapshot shows the movement of the Sensex index from 9:15 am to around 12:30 pm on Monday (April 7). The red line signifies the closing level in the previosu session. Image courtesy: BSEAround the same time, the broader Nifty 50 index was down 4.52 per cent, or 1,034.35 points, at 21,870.10. The index had opened at 21,758.40.In the Nifty 50 grouping, the top 5 losers in order were Trent, Tata Steel, JSW Steel, Shriram Finance, and Tata Motors.More from India
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Indian stock market tanks amid mixed global cues: Sensex opens at 76,882, Nifty below 23,400Nifty 50 was down 4.5 per cent from its previous closing level. Image: NSEDespite the rout in the share market due to US imposing hefty tariffs on multiple nations, Indian markets have not been as adversely impacted as others around the world.“Prima facie, the impact [of tariffs] on India’s exports is expected to be lesser, given the country’s diversified trade strategy, and the fact that the tariffs on it are relatively lower v/s Asian peers,” JM Financial’s Venkatesh Balasubramaniam said in a recent report.However, the expert warned that there is still a lot of uncertainty over “who bears the brunt of the tariffs, the status of goods in transit, global commodity prices, retaliatory measures, US inflation, the rate cut trajectory going forward, and potentially a global slowdown.”How did Asian markets perform?Other Asian benchmark indices performed significantly worse than their Indian peers.A little over half an hour before market closing (local time), Hong Kong’s Hang Seng index was at 19,888.98, down 12.96 per cent from the previous closing.Taiwan’s Taiex traded flat throughout the session after sinking 9.8 per cent at opening. Around 2:30 pm, the index stood at 19,232.35, having bled 2,065.87 points or 9.70 per cent.AdvertisementThe Shanghai Composite Index was down by 7.34 per cent to 3,096.58 points.Japan’s Nikkei 225 index closed at 31,136.58, down 7.83 per cent or 2,644 points.Fears of a painful China-US trade war, ignited by China’s imposition of 34 per cent tariffs on all US imports (which was in turn spurred off by US President Donald Trump’s imposition of high reciprocal tariffs on China), adversely affected market sentiment.Broader global marketsHere’s how broader global markets performed on Monday at 1 pm IST [7:30 am GMT]:Italy: -8.4 per centSingapore: -8 per centSweden: -7 per centChina: -7 per centSwitzerland: -7 per centFrankfurt: -7 per centSpain: -6.4 per centNetherlands: -6.2 per centAustralia: -6.2 per centFrance: -6.1 per centUK: -5.2 per centMalaysia: -4.5 per centPhilippines: -4.3 per centRussia: -3.8 per centSaudi: -3.3 per centTurkey: -2.8 per centWith inputs from agenciesTagsnifty fiftySensexStock marketEnd of Article
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