Download
Sensex Nifty 50 | Stock Market Live Updates: It’s a sea of red across Asia as markets respond to Friday’s massive sell off across Wall Street. Asian markets down, with Japan’s Nikkei 225 and Topix plunging 7% on open, triggering a trading halt as futures were suspended due to circuit breakers, and US Futures slide as much as 1,500 points. All indications that India may crash under pressure too. What’s particularly worrying is that the selloff was seen across asset classes. The crude prices are down to below $60 per barrel and gold is at $3,037.79 after crashing nearly 3% on Friday. In early trade, GIFT Nifty slipped nearly 900 points below its previous close, hinting at a sharp gap-down opening for Indian markets.
As the countdown to earnings season begins and traders eye key data, the stage is set for a tense Monday opening today.
3 things to watch out –
Global tariff tensions – Trump Vs the world: The global trade system is in for a wild ride and no one seems to be spared. Just when markets were starting to find their feet, US President Donald Trump hit the world with a fresh wave of tariffs. Calling it “Liberation Day,” he slapped aggressive import duties across the board. Trump claimed these tariffs give the US “great negotiating power.” But what followed was far from liberating. In a fiery reply, China hit back with a massive 34% tariff on all US products.
Markets melt, Wall Street leads the bloodbath: The reaction on Wall Street was brutal. The S&P 500 sank to its lowest in 11 months, wiping out a staggering $5.4 trillion in market value in just two sessions. It fell 6%, its worst single-day drop since March 2020. Tech giants bore the brunt – Tesla crashed 10%, Nvidia and Apple plunged over 7%, and the Nasdaq 100 officially entered a bear market. Furthermore, it is also noteworthy that Friday’s (April 4) crash in US markets is likely to spook Asian peers on Monday morning.
India’s diplomatic play – retaliation or reconciliation?: While China chose to hit back hard, India is reportedly taking a softer approach. As per Reuters, countries like Japan, Mexico, South Korea, and India are seeking concessions from the US rather than retaliating. Others like Vietnam and Cambodia are negotiating lower tariffs or asking for delays. Britain, meanwhile, is chasing an economic deal altogether. However, the uncertainty around global trade is likely to keep domestic investors on edge.
Live Updates
Share Market Today Live | Sensex Nifty Live Updates
Share market today live updates: Anand James sees that present market will not collapse
“While we did keep on weighing the prospects of a large downside all through last week, we felt 23,050-22,960 or the 22,750-522 bands to defend sharp slippages. We had also taken cues from the fact that VIX remained muted despite the declines, and even rose just 1.1% to close at 13.75 on Friday, on a day when Nifty fell 1.49%. In short, the present structure appeared hardly primed for a collapse per se,” said Anand James.
Read more: Market Watchlist: IT Breakdown, FMCG Turnaround? Is a COVID-like breakdown likely?
Share market today live updates: Prashant Jain on Tariff
“The overall impact of the tariffs on the Indian economy and markets is expected to be minimal. Over time India may even benefit. The recent fall in Crude prices (from $75 to $60 per bbl) and US 10-year yields (from 4.4% to 4%) will also work to India’s advantage,” said Prashant Jain, Founder and CIO. Furthermore, he added, “these tariffs and any counter-measures by other nations will create uncertainty, which is detrimental for both business investments and economic growth.”
Also read: Prashant Jain: Tariff impact minimal; favour large caps, ‘big no’ for small, midcaps
Share market today live updates: Anand James on Nifty IT
“Last week, we lined up the conditions for the Nifty IT Index making a U-turn. Unfortunately, such attempts met rejection trades and bore the maximum brunt of the heavy selling that took root in the US last week, a theme that has been playing out for some time,” said Anand James, Chief Market Strategist at Geojit Financial Services.
Read more: Market Watchlist: IT Breakdown, FMCG Turnaround? Is a COVID-like breakdown likely?
Share market today live updates: China bonds surge as investors flee to safety
As fears of a global trade war deepen, investors are rushing to safer assets and China’s government bonds are seeing the impact. The yield on China’s 10-year sovereign bonds dropped sharply by 10 basis points to 1.62%, nearing a record low.
Share market today live updates: Wall Street braces for another blow
US stock futures point to a rough start to the week. Dow futures have dropped more than 1,200 points, signaling heavy losses ahead. Futures tied to the S&P 500 are down by nearly 240 points, while the tech-heavy Nasdaq futures have slid close to 1,000 points.
Share market today live updates: Asia wakes up to a market bloodbath
Asian markets started the week with steep losses as fears of a global trade war rattled investors. Japan led the decline, with the Nikkei 225 dropping over 8% and the broader Topix down nearly 9%, triggering a halt in futures trading due to circuit breakers. South Korea’s Kospi fell more than 4% at the open, while Australia’s ASX 200 slumped over 6%, officially entering correction territory after falling 11% from its recent high.