In the fire of Trump Tariff, the Sensex of about 3000 points (3000 points) has fallen down to 19 lakh crores (19 lakh Crore) of investors. The Sensex has broken 2831.57 points to 72,533.12. Trent 18 % has been broken in NSE Top-10 Louquars.
There is a huge drop by 17.50 in Precott, 16.71 in Associate Alcohol and Brevision, 16.66 in Genesis, 15.11 % in SMS Life Sciences, 16.78 in Ayish, 14.27 in Jindal Dring, 13.97 in AGI Infra, 13.97 in JTL and 11.91 % in alleg. The domestic stock market is also sinking after the tsunami in the markets of America and Asia due to Trump’s tariff. Today Monday is proving to be Black Mande for Dalal Street.
The Sensex opened at 71449 levels with 3914 points with the biggest decline of the year. Whereas, the Nifty opened 1146 points below the level of 22000 to 21758. Today i.e. on Monday 7 April, Nikkei 225 of Japan recorded a decline of about 9% soon after the market opened.
The Japanese bank stock index fell to 17%. Nikkei touched 30,792.74 for the first time since October 2023. The broad topics fell 8% to 2,284.69. In South Korea, the Kospi index fell 4.34%, and the small-cap Kosdac fell 3.48%. Hong Kong’s Hang Seng index futures were at 22,772.
What is Black Mande
Black Mande, October 19, 1987 was a time when markets across the world crashed, in which US D.Oe Jones Industrial Average fell 22.6%. Growing forward rapidly after nearly a century, on Sunday, April 6, 2025, US market analyst Jim Kramer warned of a similar ‘bloodbath’ on Monday 7 April due to US President Donald Trump’s tariff tantrums.
What happened on Black Mande?
October 19, 1987, also known as ‘Black Mande’, saw the Dow Jones Industrial Average drop by 22.6% in just one day. The incident gave rise to recession in the global stock market, strengthening Black Mande as one of the most notorious days in financial history. The S&P 500 fell by 30% on the same day. The devastation continued throughout the month, and until the beginning of November 1987, most of the major stock market index had lost more than 20% of their value.