Daijiworld Media Network- Mumbai

Mumbai, Apr 4: Indian equity markets witnessed a sharp decline in early trade on Friday, driven by escalating fears of a global trade war impacting investor sentiment.

Benchmark indices, the BSE Sensex and NSE Nifty, both opened lower as traders remained cautious amidst reports of intensifying trade tensions between major economies. The Sensex plummeted over 400 points within minutes of the opening bell, while the Nifty slipped below the 17,500-mark.

Analysts attribute the market turmoil to renewed concerns over possible tariff hikes and retaliatory measures by leading economies, which could disrupt global supply chains and impact growth prospects.

“Investors are on edge due to the ongoing trade tensions. Any adverse development can trigger a sharp reaction across markets globally,” said a market analyst.

Among the worst-hit sectors were metal, auto, and IT stocks, which faced heavy selling pressure. Banking stocks also contributed to the decline, with several large-cap counters trading in the red.

Market experts have advised investors to exercise caution and closely monitor global developments. Any signs of resolution in the trade disputes could bring relief, but the current volatility may persist in the near term.

As the day progresses, investors will be keenly watching for cues from international markets and official statements to gauge the potential impact of the evolving trade war scenario.