Indian equity markets saw a brutal selloff on Monday, April 7, as rising fears of a global trade war rattled investor confidence and sparked a panic-driven retreat across sectors. By 11:36 AM, 6 heavyweight stocks had slumped to their 52-week lows.
Indian equity markets saw a brutal selloff on Monday, April 7, as rising fears of a global trade war rattled investor confidence and sparked a panic-driven retreat across sectors. By 11:36 AM, 6 heavyweight stocks had slumped to their 52-week lows.
The benchmark Sensex crashed nearly 3133.45 points or 4.16 per cent at 72,231.24, while the Nifty 50 fell by 1,040.90 points or 4.51 per cent to 21,881.35, marking one of the steepest single-session falls in recent trading sessions. The meltdown extended beyond large caps, with BSE Midcap and Smallcap indices tumbling up to 10 per cent, amplifying the breadth of the decline.
Sensex Stocks Lead the Collapse
Among the most significant casualties were frontline stocks that hit a 52-week low on April 7:
Tata Motors dropped to around 12 per cent to hit a 52-week low of Rs 542.55, the steepest decline among Sensex names. Tata Motors share price was trading in red, down 8.28 per cent at Rs 563, on April 7, on BSE at 11:58 AM
Infosys fell 10 per cent, touching Rs 1,307.10, a two-week low. Infosys share price trading in the red, down 5.12 per cent at Rs 1378, on April 7, at 11:59 AM
Larsen & Toubro slumped 9 per cent, crashing to Rs 2,967.65, its lowest in a year. L&T's share price was trading in the red, down 6.33 per cent at Rs 3052.80, at 12:00 PM on April 7, on BSE
TCS slipped over 7 per cent, hitting Rs 3,060.25. TCS share price was in the red, down 3.96 per cent, at Rs 3168.80 at 12:01 PM, on April 7, BSE
Reliance Industries also shed over 7 per cent, falling to Rs 1,115.55—its 52-week low. Reliance's share price was trading in the red, down 4.35 per cent at Rs 1152.25, on April 7, at 12:03 PM
Titan declined more than 4 per cent, touching Rs 2,947.55. Titan share price was trading in red, down 2.25 per cent, at Rs 3006.85, at 12:04 PM, on April 7
Broader Market Pain
Beyond the Sensex, several prominent names also touched fresh lows, including Bajaj Auto, Cipla, DLF, Dr Reddy’s Labs, Bharat Forge, Hero MotoCorp, Hindalco, LTIMindtree, ONGC, and Samvardhana Motherson International.