Sensex, Nifty crash: Bears dominate amid Trump's tariff threat; Zomato down 11%
- The Sensex crashed 1,235.08 points to close at 75,838.36, marking a significant decline amid global trade war worries after U.S. President Donald Trump announced tariffs on neighboring countries.
- The NSE Nifty50 fell 320.10 points to end at 23,024.65, with all sectors closing in the red, particularly Realty and Energy.
- Foreign Institutional Investors offloaded equities worth Rs 4,336.54 crore on Monday, contributing to the market's volatility and decline.
- Vinod Nair, head of research at Geojit Financial Services, stated that 'the weak recovery in the ongoing Q3 earnings, coupled with a depreciating INR, are likely to prompt further outflows from FIIs.
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