The Indian stock market plummeted on Monday, wiping out nearly Rs 7 lakh crore in investors' wealth.
The sharp declines reflect the heightened volatility and investor panic following Trump's imposition of a 26% tariff on imports from India, exacerbating fears of a global trade war.
India's volatility gauge, Nifty VIX, surged to 54.96% on Monday, indicating extreme market uncertainty.
The market crash comes in the wake of Trump's announcement of a 25% tariff on automobiles and parts, alongside the reciprocal tariff on Indian imports.