Market meltdown! Sensex, Nifty sink 3% to 10-month low; Asian & European shares endure – Firstpost
&w=1200&resize=1200,0&ssl=1 "Market meltdown! Sensex, Nifty sink 3% to 10-month low; Asian & European shares endure – Firstpost")
The 30-share BSE Sensex sank 2.95 per cent or factors to shut at 73,137.90. The broader Nifty 50 index crashed 3.24 per cent or factors to conclude the day at 22,161.60.
learn extra
Benchmark Indian inventory indices on Monday (April 7) ended the day bathed in crimson after bleeding over the fallout from US President Donald Trump’s tariff hikes coming into impact.
The 30-share BSE Sensex sank 2.95 per cent or factors to shut at 73,137.90.
The broader Nifty 50 index crashed 3.24 per cent or factors to conclude the day at 22,161.60.
That is the bottom degree for Sensex and Nifty 50 since June 4, 2024, when the outcomes for the 2024 Lok Sabha elections have been introduced.
D-street outperforms Asian friends
Regardless of the massacre, Indian indices fared comparatively higher than Asian friends in Hong Kong, Japan, Taiwan, and mainland China.
Taiwan’s inventory index noticed its largest single-day fall on report after the island territory’s buying and selling resumed after an extended weekend. The benchmark Taiex fell 9.7 per cent to 19,232.35.
Japan’s Nikkei share common dropped to its lowest degree in almost 1.5 years. The benchmark Nikkei 225 dropped as a lot as 8.8 per cent to hit 30,792.74 for the primary time since October 2023, earlier than ending the day 7.8 per cent within the crimson at 31,136.58.
Hong Kong’s Cling Seng index slumped 13.2 per cent to shut at 19,828.30, whereas mainland China’s Shanghai Composite ended the day at 3,096.58, 7.3 per cent within the crimson.
European markets fare higher
The carnage was not restricted to Asian monetary markets alone, though the rout appeared to be the worst right here. European inventory indices have been additionally in the course of a showdown with the bears throughout early buying and selling hours at round 10:45 am GMT.
London Inventory Change’s FTSE 100 was down 3.62 per cent at 7,763.43. Earlier than it pared losses and reached this degree, the UK’s most well-known index had plunged to a one-year low.
Frankfurt’s DAX fell 4.11 per cent to 19,793.10, whereas the Paris CAC 40 of blue-chip shares declined 4.36 per cent to six,957.46 factors.
Indian indices’ closing numbers nonetheless put the nation’s monetary markets’ efficiency forward of the European friends.
With inputs from companies
