Trump Tariff Threat Triggers $180 Billion Indian Stock Market Plunge

Indian stock markets tumbled for the fifth consecutive session, wiping out $180 billion in market value over two days. The Sensex plummeted 1,018 points (1.32%) to 76,294, while the Nifty fell 310 points (1.32%) to 23,072. This sharp decline followed former US President Donald Trump's announcement of 25% tariffs on steel and aluminum imports, sparking fears of a global trade war. India, with its high tariff regime, is particularly vulnerable to potential reciprocal US tariffs. The sell-off was widespread, affecting all major sectors, with pharma and IT stocks hit hard due to their US exposure. Analysts warn of continued volatility amid ongoing trade tensions.

Sources: Reuters, Economic Times, Asia Financial