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Image Credit: Bloomberg Quint

Stock Market Crash: Investors Lose Nearly Rs 7 Lakh Crore As Global Trade War Escalates

  • 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.

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