<p>Bengaluru: Benchmark indices BSE Sensex and NSE Nifty both tanked to a seven-month low on Monday, on the back of a global selloff in stocks amid fears of United States President Donald Trump’s trade and tariff policies, and concerns about new Chinese artificial intelligence (AI) tool Deepseek, which has impacted tech stocks worldwide.</p>.<p>The 30-share Sensex dropped 824 points or 1.08 per cent, to close at 75,366.17 with 23 of its constituents ending lower. Investors on the Sensex saw Rs 9.28 lakh crore worth of market wealth being wiped out on Monday.</p>.<p>The broader 50-share Nifty dropped by 263.05 points or 1.14 per cent, to close at 22,829.15, tanking below the 23,000-level for the first time since June 6, 2024.</p>.<p>Tech, telecom, utilities, power, consumer durables, oil and gas and healthcare sector shares were major losers.</p>.<p>"Broad-based selling across sectors plummeted the Indian market amidst tepid earnings and weak sentiments across the globe. Mid and small caps remained in their downward trajectory over expensive valuations. FIIs are on a selling spree due to moderation in economic growth and rupee depreciation,” said Vinod Nair, Head of Research, Geojit Financial Services.</p>.To weather Trump, emerging market investors look to the frontier.<p>The weak sentiments were further exacerbated as the US trade confrontation continued, like with Colombia this time, Nair said, and added that heightened volatility is here to stay this week ahead of upcoming events like the Union Budget and Federal Reserve’s interest rate meeting.</p>.<p>“The combined impact of Trump's tariff threats, the robust strength of the U.S. dollar, and concerns regarding India's slowing economic growth also created a challenging environment for the Indian stock market. In January alone, FIIs have offloaded more than Rs 69,000 crore from Indian equities,” said Vishnu Kant Upadhyay, AVP of Research & Advisory, Master Capital Services.</p>.<p>Among Sensex shares, HCL Tech fell the most by 4.49 per cent followed by Zomato, Tech Mahindra, PowerGrid and Tata Motors. Shares of Infosys, Tata Steel, HDFC Bank, Reliance Industries and Bharti Airtel also declined.</p>.<p>In Asian markets, Shanghai and Tokyo closed lower due to weak manufacturing data. European markets also traded lower in early sessions, while US stocks in futures trade declined.</p>
<p>Bengaluru: Benchmark indices BSE Sensex and NSE Nifty both tanked to a seven-month low on Monday, on the back of a global selloff in stocks amid fears of United States President Donald Trump’s trade and tariff policies, and concerns about new Chinese artificial intelligence (AI) tool Deepseek, which has impacted tech stocks worldwide.</p>.<p>The 30-share Sensex dropped 824 points or 1.08 per cent, to close at 75,366.17 with 23 of its constituents ending lower. Investors on the Sensex saw Rs 9.28 lakh crore worth of market wealth being wiped out on Monday.</p>.<p>The broader 50-share Nifty dropped by 263.05 points or 1.14 per cent, to close at 22,829.15, tanking below the 23,000-level for the first time since June 6, 2024.</p>.<p>Tech, telecom, utilities, power, consumer durables, oil and gas and healthcare sector shares were major losers.</p>.<p>"Broad-based selling across sectors plummeted the Indian market amidst tepid earnings and weak sentiments across the globe. Mid and small caps remained in their downward trajectory over expensive valuations. FIIs are on a selling spree due to moderation in economic growth and rupee depreciation,” said Vinod Nair, Head of Research, Geojit Financial Services.</p>.To weather Trump, emerging market investors look to the frontier.<p>The weak sentiments were further exacerbated as the US trade confrontation continued, like with Colombia this time, Nair said, and added that heightened volatility is here to stay this week ahead of upcoming events like the Union Budget and Federal Reserve’s interest rate meeting.</p>.<p>“The combined impact of Trump's tariff threats, the robust strength of the U.S. dollar, and concerns regarding India's slowing economic growth also created a challenging environment for the Indian stock market. In January alone, FIIs have offloaded more than Rs 69,000 crore from Indian equities,” said Vishnu Kant Upadhyay, AVP of Research & Advisory, Master Capital Services.</p>.<p>Among Sensex shares, HCL Tech fell the most by 4.49 per cent followed by Zomato, Tech Mahindra, PowerGrid and Tata Motors. Shares of Infosys, Tata Steel, HDFC Bank, Reliance Industries and Bharti Airtel also declined.</p>.<p>In Asian markets, Shanghai and Tokyo closed lower due to weak manufacturing data. European markets also traded lower in early sessions, while US stocks in futures trade declined.</p>