
Indian Stock Market Sees Sharp Decline on April 7 📉
- Market Overview 🌍: Indian markets mirror Wall Street’s downturn amid rising global trade tensions and recession fears.
- Nifty 50 📉: Opens down 1,146 points (5%) at 21,758 — biggest intraday loss since March 2020.
- Sensex 📉: Opens 5.19% lower at 71,449.
- Top Losers 💔:
- Trent: Down 15%
- Tata Steel: Down 10%
- Tata Motors: Down 8.4%
- Sector Impact ⚠️:
- Nifty IT: Crashes 7%, following a 9% drop last week.
- Tech Stocks: Hit hardest due to recession fears in the U.S. economy.
- Global Influence 🌎: U.S. Nasdaq enters bear market territory, adding to investor panic.
The market is feeling the heat as riskier assets face significant sell-offs today.