Indian stock markets faced a massive selloff on Friday, with the Sensex and Nifty plunging sharply amid global uncertainties. The BSE Sensex crashed over 1,200 points, while the Nifty tumbled more than 400 points, following weak Asian cues and growing concerns over US tariff threats.
The Sensex initially dropped 952.39 points (1.28%) to 73,660.04 in early trade, while the Nifty 50 fell 282.45 points (1.25%) to 22,265.05. As the day progressed, losses deepened, driven by investor anxiety over potential trade tensions between the US and China, along with domestic economic data concerns.
Market expert V.K. Vijayakumar noted that uncertainty has increased ever since Donald Trump’s re-election, with his new tariff threats rattling global markets. Meanwhile, inflation worries in Japan and fears of tighter monetary policy by the Bank of Japan also dampened investor sentiment.
Mid and small-cap stocks were hit the hardest, with the BSE Smallcap index dropping 1.93% and the BSE Midcap index falling 1.94%. Analysts warn that further volatility could persist as global economic uncertainties unfold.