By theindianinvestor 
Monday, 7th April 2025
Time : 8:20 AM IST
Insights :
“Trade war turns brutal — markets hit panic button.”
1. Nifty fell by 345 points and closed at 22,904, breaking the psychological mark of 23,000.
2. China retaliated against the US with 34% tariffs on Friday, after Indian markets had closed.
3. US markets fell more than 5% on Friday, with Dow Futures trading another 1,000 points lower.
4. In just two days, the Nasdaq has dropped nearly 11%, officially pushing US markets into a bear market.
5. Bloodbath across global markets!
6. European markets fell more than 5% on Friday.
7. Asian markets are trading deep in the red this morning — Japan’s Nikkei is down 6.5%, Hong Kong’s Hang Seng nearly 10%, South Korea’s Kospi down more than 4.5%, and China’s Shanghai index down 6%.
8. GIFT Nifty indicates nearly a 900-point gap-down opening — the worst since the Covid crisis.
9. Brent crude has fallen below $65, currently trading at $63 per barrel, amid oversupply concerns from OPEC.
10. US 10-year bond yields have come down to around 3.94%.
11. The Dollar Index is trading at 103.
12. FIIs net sold over ₹3,484 crore in the cash market and increased their net short positions in index futures to 71%.
13. Nifty may find support around 21,900, which was the previous low where markets had bounced back recently.