Investor wealth worth ₹20.16 lakh crore was wiped out on Monday morning as Indian equity markets witnessed a sharp crash, triggered by intensifying global trade tensions. The 30-share BSE Sensex plummeted 3,939.68 points, or 5.22 per cent, to 71,425.01 in early trade. The total market capitalisation of BSE-listed firms dropped to ₹3,83,18,592.93 crore from ₹4,03,34,886.46 crore, marking a loss of ₹20,16,293.53 crore.
All 30 stocks on the Sensex were trading in the red. Tata Steel and Tata Motors led the fall, each dropping over 10 per cent. Other major laggards included Larsen & Toubro, HCL Technologies, Adani Ports, Tech Mahindra, Infosys, Tata Consultancy Services, Reliance Industries and Mahindra & Mahindra. The broad-based selling indicated a widespread impact across sectors.
The sell-off in domestic equities followed a global market meltdown. Hong Kong’s Hang Seng index fell over 11 per cent, Tokyo’s Nikkei 225 dropped 7 per cent, the Shanghai Composite index fell nearly 7 per cent, and South Korea’s Kospi declined over 5 per cent. US markets had also ended significantly lower on Friday, with the S&P 500 falling 5.97 per cent, Nasdaq slumping 5.82 per cent, and Dow Jones tumbling 5.50 per cent.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “Globally markets are going through heightened volatility caused by extreme uncertainty. No one has a clue about how this turbulence caused by Trump’s tariffs will evolve. Wait and watch would be the best strategy in this turbulent phase of the market.”