The Indian indices, after starting the new fiscal year FY 2025-2026, on a relatively cautionary note, have now imploded with colossal losses.
Jumping directly into the marquee indices, at the BSE end, the Sensex index, at the time of writing, accrued losses of 1189.93 points or 1.54 per cent, tracking the overall value of the index to 76,224.99 points.
Indices In Deep Decline
The affairs were no better at the National Stock Exchange or NSE, as the marquee Nifty index crumbled under pressure. This index dropped in value by a colossal 325.85 points or 1.39 per cent, bringing the overall value down to 23,193.50.
Nifty 50 | NSE
The Nifty Bank index, one of the biggest names in the sectoral paradigm dipped to 50,770.05, thanks to a landslide 794.80 points or 1.54 per cent in its value.
Nifty Bank | NSE
Why Is This Happening?
This comes just a day before the deadline for Donald Trump’s tariffs. Trump has threatened myriad tariffs, including direct tariffs targeting specific countries or industries.
In addition, this is also the day, when Trump Administration reciprocal tariffs are also expected to kick in. This set of tariffs could adversely affect the Indian business, as both the governments are yet to officially arrive at a deal.
This comes just a day before the deadline for Donald Trump’s tariffs. Trump has threatened myriad tariffs, including direct tariffs targeting specific countries or industries.
| AFP
In addition, fuel prices, amid rising global uncertainty are only adding to the woes.
As per the latest numbers, the price of the benchmark Brent Crude surged to USD 74.87 per barrel from its previous lows of under USD 70 earlier in 2025.
This has made emerging markets less attractive, possibly leading to an exodus of investors, especially FIIs from Dalal Street, onto safer investment avenues.
