Market Turmoil Hits Hard

In a dramatic start to the week, the Indian stock market witnessed a severe downturn, with the BSE Sensex and Nifty50 indices crashing by over 4%. The BSE Sensex plummeted by 3,235 points to 72,129.44, while the Nifty50 fell by 1,026 points to 21,878.15.

Key Losers in the Market

The top losers included Tata Steel, Tata Motors, Infosys, Tech Mahindra, and L&T, with losses ranging up to 10%. This downturn reflects the heightened volatility in global markets, driven by uncertainties surrounding trade policies.

Expert Insights

Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, advises a cautious approach. He highlights the temporary nature of current trade tensions and India's relatively stable position in the global trade landscape. Domestic sectors like financials, aviation, and digital platforms are expected to remain resilient.

Upcoming Economic Indicators

The week is packed with critical events, including the MPC meeting and the release of IIP and CPI data. The quarterly earnings season kicks off with TCS's results, adding another layer of anticipation for investors.

Global Market Reactions

US stock futures and Asian markets also faced declines, with crude oil and gold prices dropping amid trade war fears. Foreign portfolio investors showed net sales, indicating a cautious stance in the current economic climate.