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Indian markets in meltdown as Trump slaps tariffs on global trade, Rs 20 lakh crore wiped off in seconds

Sensex and Nifty nosedived as Trump’s tariffs trigger global panic. Over ₹20 lakh crore wiped out in seconds, exposing India’s financial fragility.

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Stock market

By Mohammad Javed Rasheedi

In one of the most brutal bloodbaths Dalal Street has seen in recent memory, Indian stock markets nosedived within seconds of opening on Monday, erasing over Rs 20 lakh crore in investor wealth. The carnage was triggered by US President Donald Trump’s shockwave tariffs — a move that has set fire to global financial markets and plunged India into a crisis.

The Sensex crashed a staggering 3,939.68 points to 71,425.01 at the opening bell, while the Nifty tanked 1,160.8 points to 21,743.65 — a nosedive of over 3.5% in just minutes. The rupee wasn’t spared either, opening 30 paise lower at 85.74 against the US dollar.

This wasn’t just a bad day. It was a full-scale collapse. A punch to the gut for retail investors and institutional players alike.

Trump’s tariffs ignite global market panic

Trump’s latest tariff bomb — including a shocking 26% slapped on India — has thrown exporters and traders into disarray. Adding fuel to the fire is a 10% baseline duty applied universally. While Trump touted it as a “golden period” for American industries, for the rest of the world, it’s financial arson.

Unapologetic and defiant, Trump told reporters his actions were like medicine to fix a broken system. But what he has really done is set off a chain reaction — and India is feeling the burn.

Asian markets were decimated in early trade. China crashed over 4%, Hong Kong’s Hang Seng plummeted 10% and Japan’s Nikkei tanked more than 6.5%. Taiwan and Singapore? Nearly 10% and 8% wiped off respectively. Wall Street is next, with futures already in a tailspin, pointing to deeper global collapse.

Analysts raise red flags: India not ready

Experts are sounding the alarm. “India is not falling because of domestic weakness, but because we are entangled in global chaos,” said market veteran Ajay Bagga. He warned that only a robust fiscal, monetary, and reform response could protect India from the “economic winter” Trump’s war has unleashed.

SEBI-registered analyst Sunil Gurjar added that the Nifty50 has smashed through crucial support levels — and further breakdowns could take the market into uncharted territory.

Recession fears skyrocket

Global markets are now teetering on the edge of a recession. Stephen Innes of SPI Asset Management didn’t mince words: “The market is in free-fall mode again. Trump’s team isn’t blinking. The tariffs are being treated as a victory lap, not a bargaining chip.” For investors, that’s not strategy — that’s economic suicide.

India News

BJP says Mamata Banerjee not fit for constitutional post over remarks on PM Modi

BJP has criticised West Bengal Chief Minister Mamata Banerjee over her remarks on Prime Minister Narendra Modi, triggering a political controversy ahead of elections.

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mamta banerjee speech

The Bharatiya Janata Party has criticised West Bengal Chief Minister Mamata Banerjee over her remarks against Prime Minister Narendra Modi, with a party leader saying such statements make her unfit to hold a constitutional post.

The controversy began after Mamata Banerjee, while addressing an Eid gathering in Kolkata, criticised the prime minister’s policies and accused him of targeting minorities. During her speech, she also accused the prime minister of calling certain people infiltrators and alleged that names were being deleted.

Reacting to the remarks, BJP leader Shishir Bajoria said that anyone who calls the prime minister an infiltrator does not have the right to occupy a constitutional position. He also alleged that the chief minister’s comments reflected fear of losing the upcoming election.

The BJP has been raising the issue of illegal infiltration from Bangladesh ahead of the West Bengal Assembly elections and has accused the Trinamool Congress government of allowing infiltration. The Trinamool Congress has rejected the allegations, stating that border security is controlled by central forces under the Union Home Ministry.

At the Eid event in Kolkata, Mamata Banerjee was joined by Trinamool Congress National General Secretary Abhishek Banerjee. The Trinamool leadership also criticised the Election Commission’s special intensive revision exercise, alleging that it targets certain communities.

Abhishek Banerjee said that while political narratives are being built around religion, the real issue is that the entire country is in danger and people should not view issues only through a religious lens.

The political exchange comes amid rising tensions between the BJP and the Trinamool Congress ahead of the state elections, with both parties accusing each other over issues related to infiltration, minority rights and voter lists.

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India News

Delhi sees coldest March day in 6 years as air quality improves sharply

Delhi logs its coldest March day since 2020 as rainfall brings a sharp dip in temperature and significantly cleaner air.

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Delhi Records maximum temperature

After days of continuous rainfall and gusty winds, Delhi experienced an unusual weather shift, recording its coldest March day in six years along with significantly improved air quality.

The maximum temperature at Safdarjung dropped to 21.7 degrees Celsius, which is 9.6 degrees below normal. This marks the lowest daytime temperature for March since March 8, 2020, when it had settled at 21.2 degrees Celsius.

At the same time, the city witnessed a notable improvement in air quality. The Air Quality Index (AQI) was recorded at 93, placing it in the ‘satisfactory’ category. This is the first such instance in around five months (161 days), with the previous similar reading recorded on October 9, 2025, when the AQI stood at 99.

According to standards set by the Central Pollution Control Board, AQI levels between 51 and 100 fall under the ‘satisfactory’ category.

Temperatures remain below normal across monitoring stations

Other parts of the city also reported significantly lower daytime temperatures. Palam recorded a maximum of 21.2 degrees Celsius, while Lodhi Road registered 21.0 degrees Celsius. Ridge and Ayanagar reported 21.1 degrees Celsius and 21.5 degrees Celsius respectively, all well below seasonal averages.

Minimum temperatures, however, showed less variation. Safdarjung recorded 16 degrees Celsius, while Palam logged 14.7 degrees Celsius. Lodhi Road, Ridge, and Ayanagar recorded temperatures close to normal levels.

Rainfall contributes to weather shift

The city received 7 mm of rainfall during the day, taking the monthly total to 16.2 mm so far. This makes it the wettest March since 2023.

Rainfall was recorded across multiple stations, including Safdarjung, Palam, Lodhi Road, Ridge, and Ayanagar, along with areas like Mayur Vihar, Pusa, and Janakpuri.

Cumulative rainfall between Thursday morning and Friday morning ranged between 5.4 mm and 7.4 mm across key monitoring stations.

Weather likely to stabilise

The recent spell of rain is expected to ease, with forecasts indicating a partly cloudy sky on Saturday. Temperatures are likely to rise slightly, with the maximum expected around 27 degrees Celsius and minimum around 14 degrees Celsius.

Air quality is also expected to move back into the ‘moderate’ category over the next couple of days, according to the Air Quality Early Warning System.

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India News

Late-March western disturbance brings 1,000-km rain band across India, Pakistan and Afghanistan

An unusual western disturbance has created a 1,000-km rain band, bringing widespread storms, rainfall and hail across parts of India and neighbouring countries.

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Weather

An unusual weather system is currently impacting large parts of India, Pakistan and Afghanistan, bringing widespread thunderstorms, gusty winds, rainfall and even hailstorms at a time when summer conditions typically begin to set in.

The ongoing event is being driven by an active western disturbance that has formed a nearly straight, linear low-pressure trough stretching about 1,000 kilometres—from Afghanistan, across Pakistan, and into India. This formation is considered atypical, as most western disturbances usually follow a curved path.

Western disturbances are generally extratropical systems originating near the Mediterranean region and are more common during winter months, when they bring snowfall and cold weather to northern India. However, this system stands out both for its timing in late March and its distinct structure.

Widespread weather activity across regions

The system is associated with an upper-air cyclonic circulation over northern Pakistan, which is leading to widespread thunderstorms and winds ranging between 40 and 80 kmph across northwest India. Isolated hailstorms and light-to-moderate rainfall or snowfall have also been reported.

Heavy to very heavy rainfall has already occurred in sub-Himalayan West Bengal and Sikkim, while southern states including Karnataka, Andhra Pradesh, Kerala and Tamil Nadu have received significant showers. Hailstorm activity has also been observed in multiple regions.

Meteorological conditions indicate that the western disturbance includes a trough in the middle and upper atmospheric levels. This is interacting with several low-level cyclonic circulations over regions such as north Madhya Pradesh, east Uttar Pradesh, west Rajasthan, Haryana, northeast Assam, coastal Andhra Pradesh, and parts of Tamil Nadu and Kerala, intensifying weather activity.

System likely to weaken, another disturbance ahead

The current disturbance is expected to remain active over the Western Himalayas and adjoining plains through Friday, after which its intensity is likely to decrease.

However, forecasts suggest that another weaker western disturbance may approach the region around March 22, potentially bringing further weather changes.

Moisture sources behind the system

The primary moisture feeding this system originates from evaporation over multiple water bodies, including the Mediterranean Sea, Caspian Sea, Black Sea, and the Persian Gulf.

As the system moves eastward, it gathers additional moisture from the Arabian Sea. This moisture is further enhanced due to orographic lifting along the Himalayas. Simultaneously, existing troughs and cyclonic features over regions such as Gujarat and the Mannar area are contributing to increased low-level convergence, leading to intensified rainfall and storm activity.

Delhi-NCR sees cooler conditions and rainfall

In Delhi-NCR, light-to-moderate rainfall accompanied by thunderstorms and winds of 30–50 kmph is expected to continue until Friday. Daytime temperatures are likely to remain between 25 and 28 degrees Celsius, which is below the seasonal average.

Why late-March disturbances are uncommon

Climatologically, western disturbances are most frequent between December and February, with India typically experiencing four to six such systems per month during winter.

By late March, their frequency usually declines sharply as the jet stream weakens and shifts northward. Historically, only one or two such systems occur during this period each year.

However, recent trends suggest a gradual extension of the western disturbance season into April. Experts attribute this to changes in atmospheric patterns, including stronger subtropical jet streams and broader climate variability.

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