2025-04-08T06:18:43.000Z

The Indian stock market has recently been rocked by a significant downturn, with dramatic declines in the major indices, BSE Sensex and Nifty50. The catalyst for this market turbulence appears to be the rising global fears regarding the potential impact of the Trump administration's reciprocal tariffs. As a result, investors have faced considerable turmoil, with reports indicating a staggering loss of Rs 24 lakh crore across Indian equity markets during the month of April alone.

On a particularly grim Monday, the Sensex and Nifty indices experienced their most pronounced single-day drop in the last ten months. Concerns surrounding Trump's tariff policies have raised alarms over an impending economic downturn in the United States, coupled with fears of rising inflation. This confluence of factors contributed to one of the steepest declines in these benchmark indices in the past five years.

The BSE Sensex, which is composed of 30 prominent shares, plummeted by an alarming 2,226.79 points, or a 2.95 percent decrease, ultimately closing at 73,137.90 points. During the trading session, the index reached an astonishing low of 71,425.01 points, reflecting a drop of 3,939.68 points, equivalent to about 5.22 percent. This sharp downturn on Monday resulted in a collective wealth loss for investors on Dalal Street, amounting to a staggering Rs 14 lakh crore as the benchmark indices fell precipitously.

Among the major corporate entities affected, the Tata Group emerged as one of the hardest hit, witnessing a significant blow to its market capitalisation. The conglomerate's market value fell by ₹2.08 lakh crore in April alone, culminating in an overall decrease of ₹5.58 lakh crore since the beginning of the year. This drastic decline illustrates the profound impact of external economic factors on one of India's most enduring business institutions.

Similarly, the Reliance Group, under the stewardship of Mukesh Ambani, has not been immune to these market forces. The group's market capitalisation experienced a reduction of ₹1.29 lakh crore since April 1, contributing to a total decrease of ₹1.34 lakh crore year-to-date. These figures underscore the widespread nature of the losses being felt across various sectors and major players in the Indian economy.

However, amidst this turmoil, there is a glimmer of positivity in the form of the Bajaj Group, which has achieved noteworthy growth in 2025. This company has increased its market capitalisation by ₹87,000 crore this year, allowing it to surpass the Adani Group to secure its position as India's third-largest business entity, only behind Tata and Reliance. The Bajaj Group's market capitalisation currently stands at ₹12.73 lakh crore, while the Adani Group, owned by Gautam Adani, has seen its value dip to ₹11.94 lakh crore, following a decline of ₹1.26 lakh crore this year.

In a further testament to the challenging conditions faced by various corporations, the Bharti Group, which had previously shown positive growth among the top 15 business houses in 2025 until the end of March, suffered a reduction of ₹74,000 crore in market capitalisation in April. Other notable groups, including Aditya Birla, JSW, and HCL, each experienced declines of approximately ₹40,000 crore during the same period. Additionally, the Vedanta Group, led by Anil Agarwal, saw its market value decrease by ₹53,000 crore, highlighting the pervasive nature of these recent market challenges.