Indian stock market indices, BSE Sensex and Nifty50, plunged sharply in trade on Monday as global fears on the impact of Donald Trump administration’s reciprocal tariffs sent shockwaves in world markets. Indian equity markets crashed in April, with investors losing Rs 24 lakh crore.
The Sensex and Nifty indices experienced their most severe single-day drop in 10 months on Monday, triggered by concerns over Trump’s reciprocal tariff policies potentially leading to US economic downturn and increased inflation. The day’s significant decline marked one of the steepest falls for these benchmark indices in five years.
The BSE Sensex, comprising 30 shares, plummeted by 2,226.79 points (2.95 per cent) to close at 73,137.90. Throughout the trading session, the index witnessed a substantial decline of 3,939.68 points (5.22 per cent), reaching 71,425.01.
The severe market downturn on Monday resulted in investors at Dalal Street suffering substantial losses, with their collective wealth diminishing by Rs 14 lakh crore due to the sharp fall in benchmark indices.
Indian stock market crash: Biggest losers
The Tata Group suffered considerably, with its market capitalisation decreasing by ₹2.08 lakh crore in April, leading to a total decline of ₹5.58 lakh crore since the year began.
Reliance Group, under Mukesh Ambani’s leadership, also faced substantial losses. The group’s market capitalisation reduced by ₹1.29 lakh crore since April 1, with a total decrease of ₹1.34 lakh crore since the start of the year.
Market cap losses
In 2025, the Bajaj Group stood out positively amongst major corporate entities, increasing its market value by ₹87,000 crore this year. This growth enabled it to surpass the Adani Group, securing its position as India’s third-largest business house, following Tata and Reliance.
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The Bajaj Group’s market capitalisation reached ₹12.73 lakh crore, whilst the Adani Group, owned by Gautam Adani, stood at ₹11.94 lakh crore after losing ₹1.26 lakh crore in market value this year.
Bharti Group, which had shown positive growth among the top 15 business houses in 2025 until March-end, experienced a reduction of ₹74,000 crore in April.
Several other prominent groups faced losses in April, with Aditya Birla, JSW, and HCL each declining by approximately ₹40,000 crore. Additionally, the Vedanta Group, led by Anil Agarwal, saw its market capitalisation decrease by ₹53,000 crore.
