Closing Bell: Sensex Closes Down 2,227 points, Nifty Sinks At 22,161; Zomato Top Gainer, Trent Top Loser

Stock Market Today Live Updates: Nifty and Sensex nosedived nearly 5% during the opening session of the stock market today on Monday, April 7 amid weak global cues. Indian stock market bloodbath was in synch with the panic selling witnessed across Asian markets.

Nifty 50 opened nearly 4.76% lower at 21814.3 points, whereas BSE Sensex tanked nearly 4.6% to 71893 points. All the broad market indices were in red. Additionally, no sectoral index was untouched with the stock market bloodbath today. Nifty Auto, Pharma, IT were the major laggards during the opening session on Monday.

The benchmark indices witnessed a sharp fall last week, leading to the end of their three-week rally. Stock market volatility last week was the result of weak global cues and concerns of a trade war after United States President Donald Trump announced tariffs on more than 180 countries on April 2.

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Indian benchmark indices Sensex and Nifty 50 fell primarily because of weak global cues and fresh concerns of a trade war. The Nifty 50 lost its 23,000 mark and ended the week at 22,904 points. Sensex declined to dip to a week's low of 75,364.69 points.

The Indian stock market investors this week will focus on the development related to Donald Trump's tariff announcement. On domestic front, there will be focus on the outcome of Reserve Bank of India's Monetary Policy Committee meeting announcement and the begining of Q4 results this week.

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