Sensex Crashes 630 Points, Nifty Falls Below 23001 as Trump Tariffs Trigger Global Sell-Off -

Ravi Singh

In a sharp and unsettling move for investors, Indian stock markets faced a massive sell-off on Black Friday, with the Sensex tumbling over 630 points and the Nifty sinking below the critical 23001 mark. The market rout was triggered by rising fears of a global trade war after US President Donald Trump announced reciprocal tariffs on multiple countries, including India.

The BSE Sensex plunged 630.64 points or 0.83%, hitting an intraday low of 75,475.21, while the NSE Nifty 50 slumped 240 points or 1.05% to settle at 23001.15.

📉Key Reasons Behind the Market Crash

1. Trump’s Tariffs Spark Trade War Fears

President Trump’s decision to slap 26% tariffs on Indian goods and a 10% baseline duty on imports from around 60 countries sent shockwaves through global markets. In retaliation, Canada imposed 25% duties on US vehicles, while China warned of “firm countermeasures”, fueling concerns of a prolonged trade war.

“Markets are facing heightened uncertainty,” said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. “This trade war will hurt global growth and prolong market volatility.”

2. Weak Global Cues

Global sentiment remained deeply negative. The US stock market witnessed its steepest drop since 2020, with the S&P 500 down 4.9% and Nasdaq 100 crashing 5.5%, wiping out nearly $2.5 trillion in market value.

Asian markets followed suit. Nikkei fell over 3%, KOSPI lost 2%, while Shanghai and Hong Kong markets remained shut due to the Qingming festival.

3. Sectoral Rout Across the Board

All 13 major sectoral indices on the NSE traded in the red.

Pharma stocks slumped after Trump hinted at separate tariffs for the sector.
The Nifty IT index dropped more than 2%, with Coforge and Persistent Systems leading the losses.
Metal stocks also took a hit amid concerns over tighter global trade policies.

4. Relentless FII Selling

Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹2,806 crore on Thursday. Meanwhile, Domestic Institutional Investors (DIIs) bought ₹221.47 crore worth of shares, offering limited support.

🔍 Technical Outlook: More Pain Ahead?

According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, markets showed signs of indecision.

“Despite initial support at 75,800 (Sensex) and 23,150 (Nifty), markets failed to reclaim higher resistance zones. If these support levels are breached, we could see further downside to 75,300 and 23,000 or lower,” he warned.

Any potential rebound would need strong buying support, particularly above the 77,000 (Sensex) and 23,350 (Nifty) levels—something that currently seems lacking.

What Should Investors Do Now?

With global headwinds rising and trade tensions escalating, analysts suggest cautious investing and risk management. The broader advice? Wait for stability before making aggressive moves.

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