Mon Apr 07 04:17:35 UTC 2025: ## Indian Markets Plunge Amid Global Trade War Fears
**Mumbai, India – April 6, 2025** – Indian stock markets opened sharply lower on Monday, mirroring a global sell-off triggered by escalating trade war concerns and growing recession fears in the United States. The Nifty 50 index plummeted 5% to 21,758.4 in pre-open trading, while the BSE Sensex fell 5.29% to 71,379.89. All 13 major sectors experienced declines, with small-cap and mid-cap stocks suffering particularly heavy losses, down 10% and 7.3% respectively.
The downturn follows the announcement by Donald Trump of sweeping tariffs on Wednesday, April 2nd, which sent shockwaves through global markets. The Nasdaq officially entered a bear market on Friday, April 4th, as oil and other commodity prices plunged. Analysts cite the growing global trade war and anxieties about a US recession as the primary drivers behind the sharp market decline. The situation underscores a growing sense of unease in global financial markets.
First Piper 