Domestic benchmark equity indices Sensex and Nifty suffered a sharp setback on Monday, plunging over 5% in early trade.
The sell-off followed a significant drop in US futures, triggered by United States President Donald Trump’s announcement of tariffs.
During a market crash, it's important not to panic and stay the course to avoid poor financial outcomes.
Other strategies to ensure financial stability during a market crash include reviewing your emergency fund, reassessing your budget and expenses, diversifying your investments, and considering the market crash as an opportunity to buy discounted stocks.