Taking Stock: Markets clock biggest fall in 10 months, eroding investors wealth by Rs 12 lakh crore

Dalal Street clocks its biggest fall in 10 months on tariff jitters.

Bears tightened their hold on Dalal Street as benchmark indices witnessed their biggest fall in 10 months on April 7, after US reciprocal tariffs sparked fears of trade war and a recession, denting investor sentiments worldwide.

At close, the Sensex was down 2,226.79 points or 2.95 percent at 73,137.90, and the Nifty was down 742.85 points or 3.24 percent at 22,161.60. The selloff eroded investors' wealth by more than Rs 12 lakh crore, as the market capitalization of BSE-listed companies slipped to Rs 390 lakh crore, from Rs 403 lakh crore in the previous session.

Earlier, the Wall Street nosedived on Friday, confirming the Nasdaq Composite was in a bear market and the Dow Jones Industrial Average was in a correction territory, a fallout of the escalating the global trade tensions that spurred the biggest loss since the pandemic.

Asian indices reported their worst drop in over 16 years during the session, with Hang Seng falling more than 15 percent, witnessing its biggest intraday drop since 2008. The Taiwan Weighted index too fell nearly 11 percent, recording its biggest fall ever.

Tata Group stocks were hammered, with six of its Nifty 50-listed companies saw a combined erosion of Rs 1.28 lakh crore in market capitalisation.

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Biggest Nifty losers were Trent, Tata Steel, JSW Steel, Hindalco Industries, Shriram Finance, L&T, while gainers were Zomato and Hindustan Unilever.

BSE Midcap and Smallcap indices shed 3.4 percent and 4 percent, respectively.

Index	Prices	Change	Change%
Sensex	75,273.45	1,205.00	+1.63%
Nifty 50	23,306.45	394.05	+1.72%
Nifty Bank	53,708.10	1,102.45	+2.10%

Nifty 50 23,306.45 394.05 (1.72%)

Wed, Mar 25, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Shriram Finance	956.00	52.40	+5.80%

Biggest Loser	Prices	Change	Change%
Tech Mahindra	1,408.50	-24.20	-1.69%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8581.05	223.50	+2.67%

Worst Sector	Prices	Change	Change%
Nifty IT	29671.30	22.40	+0.08%

All the sectoral indices ended in the red with Metal index shed 6.7 percent, Realty Index dwon 5.6 percent, and media, PSU Bank, Auto, Energy, and IT down 2.5-4 percent.

More than 770 stocks hit 52-week low on the BSE, including, Siemens, Jindal Saw, Punjab and Sind Bank, Thermax, Swan Energy, NALCO, Intellect Design, Sobha, Hindustan Copper, Sammaan Capital, Bharat Forge, DLF, Godrej Properties, Indiamart Intermesh, Sterling Wilson, TBO Tek, Bank of Maharashtra, Jindal Stainless, Happiest Minds. Click here to view full list

Outlook for April 8

Aditya Gaggar Director of Progressive Shares

Trump's tariffs triggered a global equity meltdown, and the Indian markets were no exception; starting the week on a highly negative note and a gap-down opening of over 1,000 points. After a brief recovery, the markets traded in a range before closing at 22,161.60 with significant losses of 742.85 points. Selling pressure was relentless across all the sectors, with Metal and Realty segments witnessing substantial corrections. With a steep decline of over 3.50%, Mid and Smallcaps underperformed the Frontline Index.

The immediate support for the Index is seen at 21,750, while resistance lies around 22,300. In the short term, the market's direction is likely to rely on the development around the tariffs; with any positive news potentially triggering a sharp recovery. On the other hand, continued negative sentiment could push the market to lower levels.

Rupak De, Senior Technical Analyst at LKP Securities

The index has fallen back into a descending channel on the daily timeframe as bearish sentiment rose amid escalating trade tensions between countries. Nifty slipped by more than 1,000 points at one point but recovered to close 418 points off the low. For the day, the index found support around the multiple support zones near 21,700. In the short term, the trend remains weak. On the higher side, resistance is placed at 22,350 and 22,550. On the lower side, support is seen at 21,900, below which the decline is likely to resume.

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