Ira Singh 
The Indian benchmark indices, Sensex and Nifty, traded lower on Monday, mirroring a global sell-off driven by escalating trade tensions and deepening fears of a U.S. recession. According to information,the market meltdown wiped off Rs 19.4 lakh crore in investor wealth, dragging the total market capitalisation of BSE-listed firms down to Rs 383.95 lakh crore, sharpest decline since June last year amid renewed global growth concerns.At close, the Sensex was down 2,226.79 points or 2.95 percent at 73,137.90, and the Nifty was down 742.85 points or 3.24 percent at 22,161.60. The selloff eroded investors' wealth by more than Rs 12 lakh crore, as the market capitalization of BSE-listed companies slipped to Rs 390 lakh crore, from Rs 403 lakh crore in the previous session.
Zomato and Hindustan Unilever were the biggest gainers on the Nifty while, losers included Trent, Tata Steel, JSW Steel, Hindalco Industries, Shriram Finance, L&T.On the sectoral front,All the sectoral indices ended in the red with Metal index shed 6.7 percent, Realty Index dwon 5.6 percent, and media, PSU Bank, Auto, Energy, and IT down 2.5-4 percent.BSE Midcap and Smallcap indices shed 3.4 percent and 4 percent, respectively.
Rupee Close:
On 07 April'25,the Indian rupee experienced its steepest decline in nearly three months, closing at 85.84 per U.S. dollar, down 0.7%,according to information,as concerns over U.S. President Donald Trump's sweeping tariff plans jolted global financial markets, dragging Asian currencies and stocks lower.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,the market tumbled as the carnage over high US tariffs and the retaliation by other countries may kickstart a trade war. Sectors like IT and metals have underperformed relative to the broader market due to the risk of high inflation with slower growth that may result in a potential recession in the US. Though the overall impact on India may be limited when compared with other countries, investors are advised to play cautiously during this fray. Focus will be on pure-play domestic themes, where the rebound is likely to be fair when the dust settles.Market experts recommended five shares to buy-Gujarat Apollo Industries, NACL Industries, Synergy Green Industries, Star Cement, and Max Healthcare Institute.
(Business Correspondent)
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