Wall Street Crumbles, D-Street Follows — Sensex And Nifty Sink In Early Trades

Indian stock markets nosedived in early trade, with Sensex falling over 400 points to 73,691.70 and Nifty opening at 22,331.45. The rupee weakened to 87.38 per U.S. dollar. The decline follows a $4 trillion Wall Street selloff, as investor concerns over Trump’s economic policies, recession fears, and trade tensions triggered a global market rout.

Indian stock markets opened sharply lower on Tuesday, mirroring the global market turmoil. The Sensex plunged over 400 points, opening at 73,691.70, while the Nifty slipped to 22,331.

45. The rupee also weakened, opening at 87.38 per U.

S. dollar. The downturn follows a $4 trillion wipeout in US markets, driven by fears over President Trump’s economic policies, recession risks, and trade tensions.

In early morning trade, Tata Steel and NMDC emerged as key market movers, with both stocks witnessing declines amid broader market weakness. Tata Steel fell 0.92% to Rs 149.

67, while NMDC Ltd. dropped 2.01% to Rs 64.

61. Other notable stocks under pressure included SAIL (-1.31%), IDFC First Bank (-1.

46%), and YES Bank (-1.16%). Vodafone Idea and Future Consumer also traded in the red as investors reacted to global market turbulence and economic uncertainties.

Also Read: US Stock Market Loses $4 Trillion In Value, Bitcoin Stumbles After Trump's 'Recession' Remarks Meanwhile, Tesla's shares tumbled 15.4% to $222.15 on Monday, marking their lowest level since October 2023 and the company’s worst single-day drop since September 2020.

The decline comes amid a broader Wall Street selloff, with $4 trillion wiped off US stock markets as concerns over President Donald Trump’s economic policies, recession fears, and escalating trade tensions fuelled investor anxiety. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Budget 2025, Companies,Markets, Business Economy and around the world..