Rs 20 Lakh Crore Wiped Out in 10 Seconds: Sensex, Nifty Crash as Trump Tariffs Trigger Global Market Meltdown

Indian markets plunge to 10-month lows amid fears of a global trade war; Sensex nosedives nearly 4,000 points, Nifty drops over 1,100 as Trump’s defiant tariff stance rattles investor confidence.

April 7, 2025: In an unprecedented market collapse, Indian equities suffered a massive blow on Monday, April 7, as US President Donald Trump’s sweeping tariff regime triggered a global sell-off. Over Rs 20 lakh crore in investor wealth was erased within seconds, marking one of the steepest wealth destructions in India’s stock market history.

Also Read: Market Crash Today: Nifty Opens Below 21,900, Sensex Sinks 3,379 Points as Global Trade War Fears Escalate

The Sensex opened nearly 4,000 points lower, plummeting over 3.5%, while the Nifty 50 tanked over 1,100 points, mirroring panic seen across Asian equities and US futures ahead of Wall Street’s opening.

Tariff Tantrum Hits India Hard

Trump’s new country-specific tariffs, with India facing a 26% levy on exports, along with a 10% baseline duty on all imports, have sent shockwaves across global financial markets. While intended as a reset for US trade policy, the move has sparked fears of a prolonged global trade war.

Also Read:India Won’t Retaliate Against Trump’s Tariffs, Eyes Early Trade Deal with US: Report

Despite the deepening crisis, Trump remained unfazed, telling reporters that the tariffs are like a “medicine to fix something,” signaling no intent to soften the stance.

Markets in Meltdown

• Sensex crashed 3,939.68 points, touching 71,425.01 minutes into the opening session.
• Nifty slumped 1,160.8 points to trade at 21,743.65, slipping below key support levels.
• The rupee fell 30 paise, opening at 85.74 against the US dollar.

Experts Ring Alarm Bells

Also Read: Global Markets Crash as Panic Deepens Over Trump’s Tariff Blitz

Market veteran Ajay Bagga called for urgent fiscal and monetary reforms to shield India’s economy from the ripple effects of the escalating trade war.

“India isn’t falling due to internal factors. As part of the global flow chain, we’re feeling the shock. A policy package is urgently needed to weather this economic winter,” Bagga told ANI.

Sunil Gurjar, a SEBI-registered analyst, warned that the Nifty50 has already breached key support zones, and any further slide could worsen the technical setup for the near term.

Global Carnage: Asia in Free Fall

• China’s stocks crashed over 4% after Beijing slapped 34% retaliatory tariffs on US goods.
• Hong Kong’s Hang Seng index tumbled 10%, while Japan’s Nikkei 225 dropped 6.5%, having earlier plunged over 8%.
• Taiwan’s index sank nearly 10%, and Singapore’s market lost over 8%.

Wall Street Set to Follow

US futures indicated further pain, with contracts for the Dow Jones, Nasdaq, and S&P 500 all sharply in the red, setting the stage for a brutal opening on Wall Street.

Amid the chaos, Stephen Innes of SPI Asset Management warned that global recession risks are no longer speculative.

“Markets are in free-fall. Trump’s administration sees this as a win, not a negotiation tool. That’s what’s terrifying,” said Innes.

As panic spreads and indices bleed red globally, the financial world awaits cues from Washington — but President Trump’s latest actions suggest that stability may still be far off.

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market crash, Trump tariffs, Rs 20 lakh crore loss, Sensex crash, Nifty down, Indian stock market news, global trade war, equity sell-off, US-India tariffs, Asian markets crash, rupee fall, April 7 market news, investor panic, Chandrajit Mitra, Ajay Bagga, global recession fears