Black Monday Looms Over Indian Stock Market as Sensex and Nifty Tumble Over 4%

New Delhi, April 7 — The Indian stock market faced a massive sell-off on Monday morning, with benchmark indices Sensex and Nifty dropping over 4%, triggering fears of a “Black Monday” scenario. The sudden decline follows global panic sparked by the United States’ new trade policy, which sent shockwaves through international financial markets.

Market Opens with a Steep Fall

The BSE Sensex opened sharply lower, plunging 3,914.75 points to 71,449.94. Although a brief recovery followed, pushing the index up by nearly 1,700 points to 73,149.12, the momentum failed to hold. By 10:15 AM, the index was trading at 72,323.82, down 3,040.87 points or 4.03%.

Similarly, the NSE Nifty opened at 21,758.40, reflecting a massive 1,146.05-point drop. After briefly surging to 22,190 on the back of aggressive buying, the index lost steam. As of 10:15 AM, Nifty stood at 21,923.85, down 980.60 points or 4.28%.

Across-the-Board Sell-Off Cripples All Sectors

A comprehensive sell-off engulfed the market with zero gainers among the 30 Sensex stocks and all 50 Nifty stocks trading in the red. High-profile companies like Trent Ltd (-16.55%), Tata Steel, Tata Motors, ONGC, and HCL Technologies saw losses ranging from 6.67% to over 16%.

Out of 2,531 actively traded stocks, only 97 managed to stay in the green, while 2,434 stocks were in the red zone — a clear indicator of widespread market panic.

Global Pressure Behind the Crash

Analysts attribute the sharp correction to global uncertainty fueled by the U.S. administration’s revised trade policy. The resulting market instability has led to widespread investor caution, with foreign institutional investors (FIIs) pulling back and intensifying the selling pressure.

Adding to the turmoil, Friday’s trading session had already signaled weakness, with Sensex closing 930.67 points lower and Nifty falling by 345.65 points — a precursor to today’s steep decline.

Outlook: Brace for More Volatility

Financial experts caution that the market may continue to witness volatility in the coming days. With global economic cues remaining uncertain, investors are advised to tread cautiously, stay diversified, and avoid panic-driven decisions.