Bloodbath in stocks as Trump tariffs jolt mkts

Indian stocks witnessed a bloodbath as the new week kicked off, triggered by the Trump reciprocal tariffs.

- Agencies

NEW DELHI: These tariffs have set off a sell-off in equities globally, and India was no exception.

In the early trade, the Sensex dropped 5% lower at one point, but as the day progressed, it pared some of the losses and closed 3% lower. The Sensex closed at 73,137.90 points, down 2,226 points. Similarly, the Nifty also slipped 3% to close at 22,161.60 points.

"The market tumbled as the carnage over high US tariffs and the retaliation by other countries may kickstart a trade war," said Vinod Nair, Head of Research, Geojit Investments Limited.