Stock Market Today: Black Monday on D-St as Sensex, Nifty end 3% lower; all sectors bleed; VIX spikes 66%

The Nifty Midcap 100 and Nifty Smallcap 100 indices tanked 3.63% and 3.88% respectively. However, they recovered sharply from their day's low.

The market tumbled as the carnage over high US tariffs and the retaliation by other countries may kickstart a trade war. Sectors like IT and metals have underperformed relative to the broader market due to the risk of high inflation with slower growth that may result in a potential recession in the US. Though the overall impact on India may be limited when compared with other countries, investors are advised to play cautiously during this fray. Focus will be on pure-play domestic themes, where the rebound is likely to be fair when the dust settles.

– Views by Vinod Nair, Head of Research, Geojit Investments Limited

“Markets are still coming to terms with the new global tariff war. It is still not clear how the global business environment will evolve over the next few months and who will suffer and who will benefit. This uncertainty is increasing the risk premiums in the market. As the story plays out over the next few weeks, we expect markets to stabilize and clear winners and losers will emerge,” said Bino Pathiparampil, Head of Research, Elara Capital.

All the major sectors closed with losses on Monday, with Nifty Metal and Nifty IT hitting 52-week low levels. While Nifty Metal emerged as the biggest loser, down 6.75%, Nifty FMCG showed some resilience, shedding just 1.10%.

The carnage on Dalal Street sent BSE Sensex 2.95% lower to 73,137.90. Meanwhile, the NSE Nifty tumbled 3.24% to 22,161.60. From the Sensex pack, Zomato eked out gains, even as all other stocks closed in the red. In the Nifty pack, Zomto and HUL were the gainers while Apollo Hospitals ended flat. Trent, JSW Steel and Tata Steel were the biggest Nifty laggards today.

Oil prices continued to decline on Monday, dropping nearly 4% amid rising trade tensions between the United States and China, which heightened concerns of a potential recession that could reduce crude demand. Additionally, OPEC is preparing to increase supply.

Both the Brent and WTI benchmarks fell to their lowest levels since April 2021.

Brent futures were down by $2.43, or 3.7%, at $63.15 per barrel, while U.S. West Texas Intermediate crude futures dropped $2.42, or 3.9%, to $59.57.

(Inputs from Reuters)

Nifty IT has emerged as one of the biggest casualties of Trump's tariff war amid fears of escalating US recession. All Nifty IT stocks traded with cuts. Mphasis and Coforge were the top losers.

Imagine Marketing, the parent company of wearables brand boAt, has filed draft papers with the markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route. The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP) until later stages.

Philipe Joseph Hlaydon, present Head of Health Care Business of the Company, will be superannuating on July 01, 2025, and his cessation from services of the Company will be effective from the close of working hours of July 01, 2025.

The Board of Directors of the Company have, by way of passing a resolution by circulation on April 07, 2025, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Sriram Padmanabhan as Head of Health Care Business, in the Senior Management of the Company, w.e.f. April 7, 2025, or such other date as may be deemed fit by the Executive Director - HR of the Company.

European stock market plunged to a 16-month low as investors assessed the possibility of a US recession amid Donald Trump's aggressive trade war policies.

According to a Reuters report, the pan-European STOXX 600 slumped 5.8%, down for the fourth straight session and on track for its steepest one-day percentage decline since the COVID-19 pandemic. Trade-sensitive Germany's benchmark index dove 6.1%, among the worst hit markets in the euro area.

Edelweiss Financial Services today announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of ₹ 1,000 each for an amount up to ₹ 1,000 million (“Base Issue Size”), with a green shoe option of up to ₹ 1,000 million, cumulatively aggregating up to ₹ 2,000 million (“Issue Limit”).

The Issue has twelve series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly, and cumulative interest options. Effective annual interest yield on the NCDs ranges from 9.50% p.a. to 11.00% p.a.

The Issue is scheduled to open on Tuesday, April 8, 2025, and close on Thursday, April 24, 2025.

Trent, Tata Steel emerge as top Nifty 50 losers in afternoon trade as all index stocks trade in the red amid bloodbath on Dalal Street.

Board of Directors of the Company, at its meeting held on Monday, April 07, 2025, have considered and approved to make an application for listing of equity shares of the company on National Stock Exchange Of India Limited by way of a Direct Listing, the company said in a filing today. This sent Rajoo Engineers stock 3% higher on BSE.

• Wholesales for FY25 were 400,898 units, flat year-on-year

• Wholesales in Q4 FY25 were 111,413 units, up 1.1% vs. Q4 FY24

• Retail sales for FY25 were 428,854 units, flat year-on-year

• Retail sales in Q4 FY25 were 108,232, down 5.1% vs. Q4 FY24

• Mix of Range Rover, Range Rover Sport and Defender in FY25 was 67.8% of total wholesales

• Key Reimagine strategy target of being net cash positive achieved

Despite the strong update, Tata Motors shares traded with deep cuts as the company halted JLR shipments to the US amid the latest tariffs imposed on automakers by US President Donald Trump. Tata Motors stock was down 8% at this hour.

Zee share price in focus: NCLAT upheld the 2023 order of the National Company Law Tribunal's Mumbai bench rejecting IDBI Bank's insolvency plea against Zee Entertainment Enterprises for an unpaid amount of INR 1.50 billion, according to an Informist report.

Today’s Black Monday has shaken Indian markets, but investors and traders must stay calm. Investors should avoid panic selling, continue SIPs, and consider buying quality stocks at discounted prices. Review portfolios and maintain diversification. Traders must prioritize capital preservation, stick to their trading plans, and avoid overtrading. Volatility brings opportunity, but only with strong risk management. Use proper stop-losses and position sizing. Monitor global cues like the US markets and crude. Remember, “This too shall pass.” Focus on process over profit, and don’t hesitate to lean on trusted communities or analysts for clarity during uncertain times. Stay disciplined and strategic.

– Views by Pranay Aggarwal - Director & CEO of Stoxkart

Trent shares slumped 18% after the company's fourth-quarter business update underscored a continuing trajectory of moderating revenue growth. If these losses sustain, it would be the worst single-day fall of the stock since March 2020.

(With inputs from Reuters)

Amid escalating trade tariff uncertainties, market volatility is expected to persist in the near term. However, long-term investment opportunities remain viable at current levels. Sectors such as Finance, Oil & Gas, Consumption, and FMCG are likely to offer relative stability for long-term investors.

Technically, the Nifty may retest the 21,500 mark, and a decisive break below this level could open the door for further downside towards 21,000. On the upside, resistance is expected near 22,800, where fresh short positions could be considered. All eyes are now on the upcoming RBI monetary policy meeting on Wednesday, where a 25 basis point rate cut is anticipated.

Here are the top losers from the Nifty Metal pack as index tanks over 7% to emerge as the worst sectoral performer today.

Stocks in Asia slumped, with a key benchmark sliding by the most in over 16 years, as Chinese shares led a broad and deep selloff on worry over the trade war’s impact on the global economy. The MSCI Asia Pacific Index fell as much as 7.9%, the most since October 2008, with TSMC, Tencent and Sony among the biggest drags. Hong Kong’s Hang Seng Index plunged as much as 10.7%, the worst since the global financial crisis. Every market was solidly in the red. (Source: Reuters)

Kalyan Jewellers said its India operations witnessed revenue growth of approximately 39% during Q4 FY2025 as compared to Q4 FY2024, driven primarily by robust wedding demand. The quarter recorded healthy same-store-sales-growth of approximately 21%. The company launched 25 Kalyan showrooms in India during the recently concluded quarter, and another 3 showrooms during the first week of April 2025.

Despite these strong numbers, Kalyan Jewellers stock tanked over 4% amid broader stock market crash.

The market capitalisation of all listed companies on the BSE tumbled by ₹19 lakh crore, shows latest data on BSE.

Shares of Reliance Industries, India's biggest company by market capitalisation, plunged 7% to a fresh 52-week low of ₹1115.55 on the BSE today amid a sharp selloff in the Indian stock market tracking a weakness in Asian peers.

Globally markets are going through heightened volatility caused by extreme uncertainty. No one has a clue about how this turbulence caused by Trump tariffs will evolve. Wait and watch would be the best strategy in this turbulent phase of the market. There are a few things that investors should keep in mind. One, the irrational Trump tariffs will not continue for long. Two, India is relatively better placed since India’s exports to the US as percentage of GDP is only around 2 percent and therefore the impact on India’s growth will not be significant. Three, India is negotiating a Bilateral Trade Agreement with the US and this is likely to be successful resulting in lower tariffs for India.

Domestic consumption themes like financials, aviation, hotels, select autos, cement , defence and digital platform companies are likely to come out relatively unscathed from the ongoing crisis. Trump is unlikely to impose tariffs on pharmaceuticals since he is on the back foot now and, therefore, this segment is likely to show resilience.

Stock market today: India VIX spikes 56.50% to 21.53, suggesting investors are bracing for high volatility amid global trade war fears.

Stock market today: All sectoral indices traded with deep cuts in opening trade, with Nifty IT and Nifty Metal indices crashing over 7%. Defensives like Nifty Pharma and Nifty FMCG were the least hit, shedding 3% each.

Stock market today: Sensex crashes 3100 points or over 4% while Nifty also tumbled by a similar quantum to trade below the 21,900 mark in opening trade today.

Stock market today: The trends on Gift Nifty indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,083 level, a discount of nearly 875 points from the Nifty futures’ previous close.