Stock market crash as we speak: Nifty50 goes below 24,550; BSE Sensex tanks over 750 points

Market specialists anticipate continued constructive momentum by June. (AI picture)

Stock market crash as we speak: Nifty50 and BSE Sensex, the Indian fairness benchmark indices, opened in deep crimson on Monday. While Nifty50 went below 24,550, BSE Sensex tanked over 750 points. At 9:34 AM, Nifty50 was buying and selling at 24,540.05, down 211 points or 0.85%. BSE Sensex was at 80,701.33, down 750 points or 0.92%.Market specialists anticipate continued constructive momentum by June, supported by sturdy This autumn GDP information, potential RBI fee reductions and regular institutional capital flows.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The market structure favours continuation of the ongoing consolidation phase. There are global headwinds like renewed tariff concerns that will restrain a breakout rally. At the same time there are domestic tailwinds that will support the market at lower levels. President Trump’s 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets. On the domestic front the tailwinds are getting stronger with the latest Q4 GDP growth data coming at 7.4%, which is much better-than-expected.”“Trends in consumption expenditure and capital expenditure are promising. This together with low inflation and the anticipated continuation of the speed slicing coverage present the proper setting for sustained financial progress in FY26. The solely problem is the tepid earnings progress. If main indicators recommend a restoration in earnings progress there’s a excessive chance of the market breaking out of the current vary and shifting increased.“Asian markets declined alongside US stock-index futures amidst escalating trade concerns, with investors showing reluctance towards risk assets. Safe-haven demand boosted gold prices.The S&P 500 finished Friday’s volatile trading session nearly unchanged as U.S. President Donald Trump criticised China before expressing optimism about a trade deal. The index recorded its largest monthly gain since November 2023.Oil prices gained more than $1 per barrel on Monday following OPEC+’s decision to raise July production by an amount identical to the previous two months, meeting market predictions.Foreign portfolio investors sold shares worth Rs 6,450 crore net on Friday. Domestic institutional investors were net purchasers at Rs 9,096 crore.FIIs’ futures market position increased to a net short of Rs 83,684 crore on Friday from Rs 77,963 crore on Thursday.(Disclaimer: Recommendations and views on the inventory market and different asset courses given by specialists are their very own. These opinions don’t characterize the views of The Times of India)