Mumbai: The Indian share market experienced a colossal crash on Monday, April 1, shattering investor confidence and erasing more than ₹13 lakh crore of market capitalization. The Sensex dropped by a record 2,227 points, ending at 73,137, while the Nifty 50 closed 743 points lower at 22,162, despite a steep recovery in the last hour. The crash extended from Friday’s bearish mood, with volatility surging and market players responding to global signals, heightened geopolitical tensions, and concerns over US tariffs under Trump’s policy resurgence. All sectoral indices closed deep in red — with metal, auto, IT, and realty stocks losing 3% to 7%. Realty was the worst affected, down 6-8%. The Nifty Bank index also plummeted by 1,643 points, while Nifty Midcap dipped by 1,836 points, clearly depicting a broad-based panic selling. Out of the 50 Nifty stocks, 49 closed in red, and half of them dropped over 4%. Adding to the fear, India VIX, the volatility index, jumped 70% in a single day, its biggest spike ever — hinting at rising investor nervousness. Though the market recovered nearly 500 points in the final hour, the overall sentiment remains cautious. Experts suggest staying alert, avoiding panic selling, and focusing on long-term fundamentals.
