India's Nifty 50 Takes a Hit: 5% Drop Reflects Global Market Jitters

The Nifty 50 index plummeted by almost 5% in opening trade, in tandem with the global market fall caused by US President Donald Trump's tariff hikes. This comes after a huge sell-off on Wall Street, where leading indices such as the Dow Jones and S&P 500 dropped considerably. The Indian market weakness is compounded by fears of an impending US recession and its international repercussions. The technical charts of Nifty show key support levels at 22,500, and the slide can continue if these levels are broken.

 

Source: CNBC TV18, Moneycontrol, Financial Express