Stock Markets Updates: Wall Street Rebounds As Dow Rises; Netanyahu To Seek Tariff Relief From Trump – News18

Stock Market Updates: Benchmark Indian equity indices faced a brutal sell-off on Monday, marking the third straight session of losses, as global trade tensions and growth concerns spooked investors.

The BSE Sensex plunged 2,226.79 points or 2.95% to close at 73,137.90, after swinging between an intraday high of 73,284.24 and a low of 71,425.01. All 30 Sensex components ended in the red, with Tata Steel leading the decline, falling 7.16%.

The NSE Nifty50 mirrored the slump, shedding 742.85 points or 3.24% to settle at 22,161.60.

At day’s low, the Sensex was down 3,266.50 points or 4.33 per cent at 72,098.19, and the Nifty was down 1,054.35 points or 4.60 per cent at 21,850.10 around 1 pm.

Investor sentiment soured amid escalating trade tensions, with U.S. President Donald Trump announcing fresh tariffs, prompting swift retaliatory measures from China. The fallout intensified the risk-off mood across global markets, dragging Indian indices with it.

The broader markets also suffered, as the Nifty Midcap100 and Smallcap100 fell over 3% each.

On the sectoral front, Nifty Metal (-6.75%) and Realty (-5.69%) led the losses, while IT, Bank, Auto, and Financial Services indices slid between 3% and 4%.

Global Cues

Asian shares nosedived on Monday after the meltdown on Friday on Wall Street over US President Donald Trump’s tariff hikes and the backlash from Beijing.

US futures also signaled further weakness. The future for the S&P 500 lost 4.2 per cent while that for the Dow Jones Industrial Average shed 3.5 per cent. The future for the Nasdaq lost 5.3 per cent.

Tokyo’s Nikkei 225 index lost nearly 8 per cent shortly after the market opened and Australia’s S&P/ASX 200 tumbled more than 6 per cent.

South Korea’s Kospi lost 4.4 per cent.

Oil prices sank further, with US benchmark crude down 4 per cent, or $2.50, at $59.49 per barrel. Brent crude, the international standard, gave up $2.25 to $63.33 a barrel.

On Friday, Wall Street’s worst crisis since Covid slammed into a higher gear. The S&P 500 plummeted 6 per cent and the Dow plunged 5.5 per cent. The Nasdaq composite dropped 5.8 per cent.

The losses came after China matched President Donald Trump’s big raise in tariffs announced last week, upping the stakes in a trade war that could end with a recession that hurts everyone. Even a better-than-expected report on the US job market, usually the economic highlight of each month, wasn’t enough to stop the slide.