Highlights • Tariffs may drag US growth to near zero, several Fed rate cuts likely: Citi • Metal, realty shares crash as Trump tariff fears rattle investors • Nifty IT index at 52-week low on recession fears • Oil marketing companies’ shares end off lows as crude oil tumbles to 4-year low • India volatility index surges over 65% to 22.79 markIndian equity markets tumbled on Monday, mirroring a global rout sparked by renewed trade tensions. The BSE Sensex nosedived 2,226 points to close at 73,137.90, while the Nifty 50 fell 742 points to 22,161.60 — both indices registering their steepest single-day fall since June 2024.
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