Mon Apr 07 03:40:00 UTC 2025: **Global Sell-Off Sends Asian and Indian Markets Plunging**

**MUMBAI, INDIA** – Global markets experienced a sharp sell-off on April 7th, leading to significant declines in Asian and Indian indices. The GIFT Nifty index, an indicator of Nifty 50 performance, plummeted over 900 points (3.6%) in pre-market trading, mirroring losses in Asian markets and foreshadowing a likely crash in the Indian benchmarks, Nifty 50 and Sensex, upon opening.

The sell-off is attributed to escalating trade tensions, particularly President Trump’s retaliatory tariffs, which have fueled fears of a global trade war and economic slowdown. US President Trump, while acknowledging the market losses (nearly $6 trillion wiped off US stocks), downplayed concerns, stating that the tariffs are necessary “medicine.”

Asian markets were heavily impacted, with Japan’s Nikkei dropping 7.8%, South Korea losing 4.6%, and Hong Kong’s Hang Seng and the Taiwanese benchmark falling 10%. US futures also saw substantial declines, with S&P 500 futures down 4.31% and Nasdaq futures down 5.45%.

This follows a week where the Sensex and Nifty 50 each fell 2.6%, with the Nifty 50 closing below 23,000. The IT sector was particularly hard hit, plunging 9% due to concerns over reduced US spending, while Nifty Metal slumped 7.5%.

Analysts, like Dhupesh Dhameja of SAMCO Securities, predict further declines for the Nifty 50, with support levels now shifting to the 22,800–22,700 zone. Market participants are now looking towards the upcoming RBI meeting (expected rate cut) and the start of Q4 earnings season for potential positive influences, along with any easing of trade tensions. The overall sentiment remains bearish.

**(Note: Information about the Traders Gurukul event and the Moneycontrol platform functionalities were omitted as they are not directly related to the market crash news.)**

Read More