Sensex Down 1,000 Points As Trump Tariffs Hit Markets

The Indian benchmark indices ended the trading session on Monday in the negative territory. The BSE Sensex plunged close to 550 points and settled the day at 77,311.80, while the NSE Nifty50 tanked almost 200 points to close the session at 23,381.60.

The slump in the indices could be attributed to the weak sentiment prevalent among the investors after US President Donald Trump threatened that more tariffs are expected, and 25 per cent duties will be imposed on all steel and aluminium imports. While there was no clarity as to when these tariffs would come into effect, investors remained wary about the escalation of trade tensions and more retaliatory tariffs from the American government ahead.

On the 30-share Sensex platform, Kotak Mahindra Bank, Bharti Airtel, ICICI Bank, Tech M, and HCL Technologies closed the session among the gainers. On the other hand, the laggards included PowerGrid, Tata Steel, Zomato, Titan, and Bajaj Finance, among others.