Stock Markets Tumble Following Trump’s Tariff Warnings

Amid rising geopolitical tensions particularly following US President Donald Trump’s warning of higher tariffs on eight European countries equity markets came under sharp pressure on Monday. Benchmark indices posted significant losses as investor sentiment weakened. The Sensex at one point plunged 672.04 points to 82,898.31, before paring losses to close down 324.17 points at 83,246.18. The Nifty also declined by 108.85 points to end the session at 25,585.50.

Market participants said that Trump’s latest remarks, coupled with disappointing corporate earnings, triggered heavy selling in heavyweight stocks such as Reliance Industries, ICICI Bank and Eternal, further dampening market sentiment. Broader markets also remained under pressure, with the BSE Smallcap index falling 1.28 percent and the Midcap index declining 0.43 percent. Among Sensex constituents, Reliance Industries dropped 3.04 percent, while ICICI Bank fell 2.26 percent.

In contrast, the listing of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, was a standout success. The stock, issued at ₹23 per share, debuted on the BSE at ₹45.21 registering a premium of 96.56 percent before closing at ₹40.66. On the NSE, the shares listed at ₹45, reflecting a 95.65 percent premium, and settled at ₹40.58 by the end of trading. At these levels, the company’s market capitalisation stood at approximately ₹18,935.36 crore.