Mumbai: In a brutal sell-off, Indian equity markets witnessed their sharpest single-day decline in 10 months on Monday, as both the BSE Sensex and Nifty50 nosedived by 5% intraday before staging a partial recovery. The Sensex plummeted 2,227 points (2.95%), closing at 73,137.90, while the Nifty50 sank 743 points (3.24%) to end at 22,161.60.
The market rout was triggered by a global sell-off following US President Donald Trump’s tariff hike and China’s retaliatory measures, stoking fears of an economic slowdown. Investor sentiment took a severe hit, erasing ₹14 lakh crore in market capitalization from BSE-listed companies, bringing the total valuation down to ₹3,89,25,660.75 crore ($4.54 trillion).
Among the Sensex heavyweights, Tata Steel led the downturn with a staggering 7.33% drop, followed by Larsen & Toubro (5.78%). Other major losers included Tata Motors, Kotak Mahindra Bank, Mahindra & Mahindra, Infosys, Axis Bank, ICICI Bank, HCL Technologies, and HDFC Bank. The only stock to defy the sell-off was Hindustan Unilever, which posted a marginal gain.
The carnage wasn’t limited to blue-chip stocks—broader market indices also collapsed. BSE Mid-Cap and Small-Cap indices dropped 3.46% and 4.13%, respectively, reflecting the widespread sell-off.
