Sensex Dips 350 Points on Opening, Nifty Crashes Below 22,450

Sensex and Nifty opened on a negative note on April 9, ahead of RBI’s monetary policy review. Sensex came down by 350 basis points, while Nifty was below 22,450. As of 9:16 am, BSE Sensex traded at 73,874.49, down 353 points or 0.48%. Nifty50 clocked at 22,423.10, down 113 points or 0.50%.

Indian equities rebounded on April 9, recovering partially from the previous session's decline. As per the experts, volatility is set to continue until there is a clarity on US tariffs.

The S & P 500 reported a decline on April 8, dropping more than 5,000 points for the first time in nearly a year, following a reversal of early gains.

Asian markets opened on a negative note as White House went ahead to levy a 104% duty on China, which is causing havoc across the global equity markets.

Notably, FPIs sold Indian equities worth ₹4,995 crore on April 8, while domestic institutional investors bought shares worth ₹3,097 crore.