Sensex down 800 points: Trump tariff effect and these 2 factors hit Dalal Street

Domestic stock markets declined sharply in early trade on Friday after US President Donald Trump’s reciprocal tariffs led to a chaotic trading session on Wall Street as the leading indices registered their worst fall since the Covid-19 pandemic in 2020.

The S&P BSE Sensex was down over 817.77 points to 75,477.59 around 10 am, while the NSE Nifty50 fell 22,943.30 to trade below 23,000.

Today’s slump on Dalal Street was on expected lines, as analysts said Trump’s tariffs have created a lot of uncertainty and could trigger a recession.

Uncertainty over the impact of US reciprocal tariffs, announced by Donald Trump, has led to chaos and panic across global markets. India has also been handed a hefty reciprocal tariff, triggering fears among investors on Dalal Street.

While experts are divided on the impact on India’s economy, some warn that disruptions to global supply chains will have far-reaching consequences.

A favorable trade deal with the US could help mitigate the damage, and analysts hope for a swift resolution to restore market stability.