Indian equity markets plunged on Monday, echoing global turmoil fuelled by escalating tariffdisputes. The BSE Sensex tumbled by 2,226 points to close at 73,137.90, while the Nifty 50 slumped 742 points to settle at 22,161.60 — a 3.2% fall, marking their steepest single-day decline since June 2024.The sell-off in Indian equities was not an isolated event. It formed part of a wider global equity rout, sparked by the US administration’s unexpected imposition of sweeping tariffs on imports — a move that unsettled financial markets worldwide and reignited fears of a prolonged trade war. President Donald Trump defended the decision as “medicine,” even as the announcement sent shockwaves across global investor communities.
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