The Indian stock market crashed nearly 3 percent to mark its biggest single-day fall since June 4 (Lok Sabha election results day), accompanying its global peers. The harsher-than-expected tariffs imposed by US President Donald Trump on several key nations raised concerns over a possible US recession and a global trade war. As a result, investors lost billions of money, while more than 500 stocks hit lower circuit and over 750 stocks dropped to 52-week low.
The Nifty 50 plummeted 743 points (3.24 percent) to end the session at 22,162, marking its lowest closing level since March 4, 2025. The index witnessed a recovery of 418 points from day's low. The BSE Sensex recouped 1,713 points from intraday low, before closing at 73,138, down 2,227 points (2.95 percent).
"The financial markets are currently experiencing significant turmoil, primarily due to escalating fears of tariff retaliations against the United States, which have raised concerns about a potential global economic downturn," Justin Khoo, Senior Market Analyst - APAC at VT Markets said.
This marks the third bear market since 2020—a rare occurrence, yet not surprising in the trading world. Notably, all three bear markets have been triggered by government interventions rather than inherent economic weaknesses, Khoo said.
The BSE Midcap and Smallcap indices were down by 3.5 percent and 4.1 percent, respectively. The BSE Metal index was significantly hit, falling more than 6 percent, followed by Realty that corrected 5.7 percent. IT, Auto, Bankex, Capital Goods, Oil & Gas, and Power were down 2-4 percent.
Investors lost more than Rs 14 lakh-crore wealth in a single day on Monday as the BSE market capitalisation dropped to Rs 389.25 lakh crore, from Rs 403.34 lakh crore in the previous session. Further, the wealth erosion stood at Rs 24.07 lakh crore in the last two sessions.
However, Jaspreet Singh Arora, CIO at Equentis Wealth Advisory Services, believes that panic-selling now would be a mistake for investors. "India’s domestic-driven economy remains a structural growth story, with strong corporate earnings and policy support. A market rebound is likely in two to three quarters once the tariff uncertainty settles and the US rate cycle stabilizes," he reasoned.
Stocks at Lower Circuit
The bear attack was so severe that 543 shares on the BSE hit lower circuit, against 183 shares that touched upper circuit. The stocks that hit lower circuit included Kernex Microsystems, Websol Energy Systems, Oil Country Tubular, Simplex Infra, Mcleod Russel, Dhanlaxmi Bank, Nitco, and Praxis Home Retail, but none of the stocks were from 'A' group.
Stocks At 52-week Low
As per BSE data, 775 stocks touched 52-week low on Monday, including 230 stocks from the 'A' group and 351 stocks from the 'B' group.
Major A group stocks that hit 52-week low included Hindalco Industries, Bajaj Auto, Dr Reddy's Labs, Hero MotoCorp, Infosys, Larsen & Toubro, ONGC, Reliance Industries, Tata Motors, and TCS.
Other stocks which also touched a fresh 52-week low in today's session include Siemens, Balkrishna Industries, Bata India, Bharat Forge, Bosch, Cipla, Zydus Lifesciences, Colgate Palmolive, Cummins India, Dabur India, DLF, Gland Pharma, Godrej Properties, Havells India, ABB India, Apollo Tyres, Aurobindo Pharma, Hyundai, Jindal Saw, KEC, L&T Technology Services, M&M Financial Services, Natco Pharma, National Aluminium Company, ONGC, and LTIMindree.
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