Mumbai, April 7: The Indian stock markets crashed on Monday morning over fears of US reciprocal tariffs set to come into force from April 9. The Nifty 50 and Sensex were trading 3.85 per cent and 4.16 per cent down, respectively, in early trade. All the sectoral indices were trading in the red with IT and metal down 7 per cent each. BSE Midcap and smallcap indices were down 6 per cent each in early trade..

Tata Steel, JSW Steel, Tata Motors and ONGC were among major losers on the Nifty. However, there was some recovery seen after the mayhem at the opening bell as buying returned. According to experts, equity markets were expected to open on a bearish note today, as suggested by the GIFT Nifty, which hovered around 22,090 in early trades 슬롯사이트� reflecting a significant decline of 867 points.슬롯 머신 사이트 추천China Stock Market Crash: Major Index Plunges 10% at Opening Bell, Triggers Panic Sell-Off Across Asia With Taiwan, Hong Kong, Singapore, and Malaysia Markets Deep in Red.

슬롯사이트淭his indicates a cautious sentiment among investors, largely driven by weak global cues and the lack of strong domestic triggers. In the absence of local catalysts, market participants are likely to take cues from global market trends, crude oil prices, and institutional flows for further direction,슬롯사이트� said experts. On the technical front, the Nifty 50 has formed a bearish candle on the daily chart, signaling selling pressure at key resistance levels.

슬롯사이트淚mmediate support is seen at 22,400 and 22,000 for intraday trading, as the index has historically shown stability around these zones. These levels could potentially act as reversal points, offering buying opportunities if supported by favourable price action. On the upside, 23,000 acts as the immediate resistance level. A sustained move above this mark could pave the way for further upside toward 23,100 and 23,400,슬롯사이트� experts noted.슬롯 머신 사이트 추천Asian Stock Market Today: Share Markets Crash After US President Donald Trump슬롯사이트檚 New Tariff Announcement; China, Japan, Hong Kong and Taiwan Markets Top Losers.

Similarly, the Bank Nifty also displayed a bearish candle on the daily chart, indicating heightened selling interest. In terms of institutional activity, foreign institutional investors (FIIs) remained net sellers for the fifth consecutive session on April 4, offloading equities worth Rs 3,483 crore. Meanwhile, domestic institutional investors (DIIs), who had been net buyers over the past five sessions, turned sellers and offloaded equities worth Rs 1,720 crore on the same day.

(The above story first appeared on LatestLY on Apr 07, 2025 10:04 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).