Sensex Drops Nearly 400 Points Amid Global Market Jitters; Mid & Small-Caps Bleed Deeper

Indian equities tumbled on April 9 as Trump’s tariff-driven trade war fears shook global sentiment; mid and small-cap indices took a bigger hit.

April 9, 2025: The Indian stock market witnessed a sharp decline on Wednesday, April 9, as escalating trade war concerns driven by US President Donald Trump’s aggressive tariff stance rattled investor confidence globally.

Also Read: “Kissing My A**, Begging for Deals”: Trump Boasts About Tariff Tactics at Republican Event

The BSE Sensex slipped by 380 points to close at 73,847.15, marking a 0.51% decline, while the Nifty 50 dropped 137 points to settle at 22,399.15, down 0.61%.

Global cues were distinctly negative. Japan’s Nikkei 225 crashed over 4%, while European markets like the FTSE, CAC, and DAX also fell around 3% each by the time Indian markets closed. The prevailing unease over a potential global trade war and its ripple effects on economic growth weighed heavily on market sentiment.

Also Read: Trump’s 104% Tariff Sparks Rare Olive Branch from China to India

What made matters worse was the underperformance of mid and small-cap stocks. The BSE Midcap index fell 0.73%, while the BSE Smallcap index plunged 1.08%, reflecting a sharper erosion of investor wealth in the broader market.

Also Read: Trump Plans Tariffs on Pharma Imports: What It Means for India’s $8.7 Billion US Market

🧾 10 Key Highlights from April 9 Market Session:

1. Sensex dropped 380 points and ended at 73,847.15.
2. Nifty 50 closed at 22,399.15, down by 137 points.
3. BSE Midcap and Smallcap indices lost 0.73% and 1.08%, respectively.
4. Global sell-off fueled by Trump’s tariff strategy weighed on markets.
5. Japan’s Nikkei fell 4%, while FTSE, CAC, and DAX dropped over 3%.
6. Financial and IT stocks led the decline on Dalal Street.
7. Rupee weakened against the US dollar amid risk-off sentiment.
8. Metal and pharma sectors showed mild resistance but failed to sustain momentum.
9. Volatility index India VIX surged, indicating investor nervousness.
10. Analysts expect markets to remain choppy with global cues and US-China tensions in focus.

Investors are advised to tread with caution as geopolitical and macroeconomic volatility continues to dominate the global narrative.

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