Indian stock markets plunged on Friday, tracking a global sell-off after former US President Donald Trump announced an additional 10% tariff on Chinese imports. The Sensex tumbled 1,414.33 points, or 1.9%, to close at 73,198.10, while the Nifty fell 420.35 points, or 1.86%, to settle at 22,124.70.

The broader market rout has wiped out significant gains from last year’s highs. The Sensex is now down 12,780.15 points, or 14.86%, from its peak of 85,978.25 on September 27, 2024. Meanwhile, the Nifty has fallen 4,152.65 points, or 15.8%, from its lifetime high of 26,277.35.

Market experts attributed the sharp decline to increased foreign fund outflows and rising global uncertainty. "Stock markets dislike uncertainty, and Trump's series of tariff announcements have added to investor concerns," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "The latest move reinforces the view that Trump will continue using tariffs as a negotiating tool to secure favorable trade deals for the US."

China has vowed to take "all necessary countermeasures," warning that the new tariff would severely impact trade talks. The latest 10% tariff will be imposed alongside an earlier levy of the same rate, increasing pressure on global markets.

US markets ended sharply lower on Thursday, while major Asian indices—including those in Seoul, Tokyo, Shanghai, and Hong Kong—also suffered steep declines. In India, Tech Mahindra plunged over 6%, followed by IndusInd Bank at 5%. Other heavyweights such as Mahindra & Mahindra, Bharti Airtel, Infosys, Tata Motors, and TCS also saw their stock prices tumble.

As global tensions escalate, investors remain cautious, watching closely for China’s response and potential retaliatory measures.

Indian stock markets plunged on Friday, tracking a global sell-off after former US President Donald Trump announced an additional 10% tariff on Chinese imports. The Sensex tumbled 1,414.33 points, or 1.9%, to close at 73,198.10, while the Nifty fell 420.35 points, or 1.86%, to settle at 22,124.70.

The broader market rout has wiped out significant gains from last year’s highs. The Sensex is now down 12,780.15 points, or 14.86%, from its peak of 85,978.25 on September 27, 2024. Meanwhile, the Nifty has fallen 4,152.65 points, or 15.8%, from its lifetime high of 26,277.35.

Market experts attributed the sharp decline to increased foreign fund outflows and rising global uncertainty. "Stock markets dislike uncertainty, and Trump's series of tariff announcements have added to investor concerns," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "The latest move reinforces the view that Trump will continue using tariffs as a negotiating tool to secure favorable trade deals for the US."

China has vowed to take "all necessary countermeasures," warning that the new tariff would severely impact trade talks. The latest 10% tariff will be imposed alongside an earlier levy of the same rate, increasing pressure on global markets.

US markets ended sharply lower on Thursday, while major Asian indices—including those in Seoul, Tokyo, Shanghai, and Hong Kong—also suffered steep declines. In India, Tech Mahindra plunged over 6%, followed by IndusInd Bank at 5%. Other heavyweights such as Mahindra & Mahindra, Bharti Airtel, Infosys, Tata Motors, and TCS also saw their stock prices tumble.

As global tensions escalate, investors remain cautious, watching closely for China’s response and potential retaliatory measures.