Monday saw one of the biggest Sensex crashes seen in the Indian market in years as a result of US President Donald Trump’s reciprocal tariff that came into effect on April 2.
The market opened with the Sensex crashing 3,939.68 points to 71,425.01 in early trade amid the growing concerns of tariff wars and recession.
All of the 13 major sectors fell, with the broader small-cap and mid-cap indices falling by 10% and 7.3%.
Even the other Asian markets mirrored this slump, with the MSCI Asia ex-Japan index losing 6.8%.
These are some of the stocks that were hit the hardest:
1) Tata Steel
Tata Steel was the worst-hit player in Monday’s market crash. Shares of Tata Steel fell by 9.97% to ₹126.45.
2) Tata Motors
Tata Steel was followed by Tata Motors, which fell by 8.50% to ₹561.70.
3) L&T
Shares of L&T slipped by 6.86% to ₹3035.65.
4) HCLTech
IT giant HCL Technologies saw its shares dropping by 6.39% to ₹1,331.00.
5) Infosys
Indian MNC Infosys also suffered a crash of 5.07% to ₹1378.70.
6) TCS
Tata Consultancy Services, yet another multinational IT services and consulting company, had its shares fall by 5.01% to ₹3134.25.
7) Adani Ports
Shares of Adani Ports and Special Economic Zone declined by 4.94% to ₹10,93.00.
8) Reliance
Reliance Industries shares declined by 4.79% to ₹1146.95.
9) M&M
M&M, which stands for Mahindra & Mahindra, a leading Indian automaker, saw its shares drop by 4.53% to ₹2480.00.
10) Axis Bank
Shares of Axis Bank were down by 4.35% to ₹1042.15 in Monday’s trading session.
(data taken at 12.45 pm)
