Bloodbath on D-Street

Sectors such as Finance, Oil & Gas, & FMCG are likely to offer relative stability for long-term investors

- RITWIK MUKHERJEE

The Nifty 50 and Sensex crashed on Monday to 9-month lows, succumbing to global pressure. Little wonder therefore that it has already been described as Black Monday, a day that has shaken Indian markets. Interestingly, Indian benchmark indices had witnessed significant volatility following retaliatory actions by China and other nations in response to the United States imposing reciprocal tariffs on key trading partners, including China and India, on April 2nd.

The Nifty 50 opened with a sharp gap-down of over 1,100 points, while the BSE Sensex declined more than 5 per cent, opening at 71,449.94. All sectoral indices traded in negative territory, with the metal and IT sectors emerging as the worst performers. Amid escalating trade tariff uncertainties, market volatility is expected to persist in the near term.

However, long-term investment opportunities remain viable at current levels. Sectors such as Finance, Oil & Gas, Consumption, and FMCG are likely to offer relative stability for long-term investors.