Indian stock market crash today: A day after showing remarkable resilience amid a sharp global sell-off, the Indian stock market witnessed deep losses in intraday trade on Friday, April 4. Benchmark indices, the Sensex crashed over 800 points, while the Nifty 50 dropped below 22,950, dragged down by weak global cues.
The Sensex opened at 76,160.09 against its previous close of 76,295.36 and plunged over 850 points to the level of 75,435.75. The Nifty 50 crashed over a per cent to drop to level 22,921.60.
The selloff was across segments and even deeper in the broader market. The BSE Midcap and Smallcap indices crashed 3 per cent each.
Around 10:40 AM, the Sensex traded 759 points, or 1 per cent, lower at 75,536, while the Nifty 50 was 286 points, or 1.23 per cent, down at 22,965.
The overall market capitalisation of BSE-listed firms was nearly ₹405 lakh crore at that time, compared to over ₹413 lakh crore in the previous session. This means investors lost more than ₹8 lakh crore within the first one and a half hours of the session.
Why stock market is down today?
Here are the key factors behind the sharp selloff in the Indian stock market today:
1. Trump’s fresh tariff warnings
According to media reports, US President Donald Trump has announced tariffs on pharmaceutical imports as well. On April 2, Trump excluded tariffs on Indian pharmaceuticals. However, media reports suggest he is planning tariffs on pharmaceuticals, too.
According to a CNBC-TV18 report, Donald Trump said pharma tariffs are coming soon and will be at a level never seen before. The Trump administration is seeing pharma as a separate category.
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