Bears took firm control of Dalal Street as benchmark indices logged their steepest single-day fall in 10 months.
The sharp selloff was triggered by fears of a global trade war and recession, following the announcement of US reciprocal tariffs.
The Sensex plunged 2,226.79 points (2.95%) to close at 73,137.90, while the Nifty dropped 742.85 points (3.24%) to settle at 22,161.60.
Investor wealth saw a massive erosion of over ₹12 lakh crore, with BSE market capitalization slipping from ₹403 lakh crore to ₹390 lakh crore.
Global sentiment also turned sour, as Wall Street closed sharply lower on Friday, with the Nasdaq entering bear market territory and the Dow Jones falling into correction, underscoring the impact of escalating trade tensions.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY FMCG
-1.1
NIFTY OIL & GAS
-2.8
NIFTY CONSUMER DURABLES
-2.2
NIFTY HEALTHCARE INDEX
-2.8
NIFTY IT
-2.5
NIFTY PSU BANK
-2.8
NIFTY PHARMA
-2.8
NIFTY MIDSMALL HEALTHCARE
-3.4
Top News
HPCL shares gained nearly 2% on April 7, defying the market downturn, as falling Brent crude prices improved sentiment for oil marketing companies by lowering input costs.
Bajaj Housing Finance slipped 5% despite posting strong Q4FY25 provisional numbers, including a 26% YoY rise in AUM, as weak broader market sentiment dragged the stock down.
Siemens Ltd surged over 20% after going ex-demerger for its energy business, with shareholders set to receive one share of Siemens Energy India for each Siemens India share held.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
HINDUNILVR
0.2
TRENT
-14.7
Zomato
0.2
JSWSTEEL
-7.5
=
–
TATASTEEL
-7.3
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
21,750
22,400
Bank Nifty
49,300
50,500
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