Mumbai: Indian stock markets suffered a major jolt as the Sensex tumbled over 1,000 points, reacting to fresh tariffs imposed by U.S. President Donald Trump. The new trade measures, mainly targeting aluminium and steel imports, have intensified global market jitters, triggering a wave of foreign investor sell-offs in Indian equities.
While India’s steel exports to the U.S. are relatively small, it is among the world’s largest aluminium producers, with the U.S. as its top export market. The tariff shock has fueled fears of a slowdown in India’s metal industry, leading to a sharp decline in related stocks.
Adding to the turmoil, Foreign Institutional Investors (FIIs) continue to withdraw capital, deepening the market sell-off. Analysts warn that market volatility may persist, with global trade tensions playing a key role in shaping investor sentiment in the coming weeks.
