Sensex & Nifty Stock Market Live Updates April 7: Markets in Freefall as Global Sell-Off Sparks Panic; Benchmark Indices Plunge 3%

Global markets plunged into a sharp sell-off on April 7, with Indian indices following suit as Sensex and Nifty dropped nearly 3%. Asian and European markets witnessed deeper losses amid rising geopolitical tensions and global trade worries. 

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Stock Market Highlights, April 7:

• Bloodbath in Indian Markets: Both Sensex and Nifty witnessed sharp declines, plunging nearly 3%, reflecting widespread sell-off pressure across sectors.
• Global Markets in Panic Mode: Asian and European markets tumbled steeply—Hang Seng led losses with a 13.22% drop, while European indices like CAC 40 and DAX fell over 5%, showcasing global investor anxiety.
• US Futures Point to Potential Decline: US market futures are deep in the red, with Nasdaq futures down 3.43%, hinting at potential continued bearish sentiment and possibly more volatility ahead.
   

Indian Market Closing Cues

Sensex Closing Today: 73,137.90 (-2.95%)
Nifty Closing Today: 22,161.60 (-3.24%)
 

Asian Markets Performance

Nikkei: 31,136.58 (-7.83%)
Hang Seng: 19,828.30 (-13.22%) 
Shanghai Composite: 3,461.55 (-7.34%) 
 

European Market Mid-Session Update

FTSE 100: 7,713.94 (-4.23%)
DAX: 19,564.59 (-5.22%)
CAC 40: 6,893.98 (-5.24%)
STOXX 50: 10,664.29 (-4.81%)
 

US Market Live Today

Dow Jones Futures Today: 37,367.00 (-3.02%)
NASDAQ Futures Today: 16,938.25 (-3.43%)
S&P 500 Futures Today: 4,952.75 (-3.08%)
*As of 15:31 IST

Gold Price Today

Gold price in India hac continued its declining streak, with 22K gold at ₹8,285 per gram and 24K gold at ₹9,038 per gram. 

Silver Price Today

Silver price today has remained stable at ₹94 per gram.

Sensex & Nifty: Afternoon Update

Nifty 50: 21,970.95 (-4.08%)
BSE Sensex: 72,474.80 (-3.83%)

Stock Market Outlook Today:

• Rupee Weakens Against USD: The Indian Rupee opened weaker at ₹85.87 against the US Dollar and further slipped to ₹85.92, registering a decline of 3 paise in early trade. This comes a day after the Rupee recorded its worst single-day fall since February 6, 2023.
• Dollar Index Strengthens: A surge in the US Dollar index, driven by a sharp rise in US bond yields by over 20 basis points, added pressure on the domestic currency. The dollar index was trading 0.28% lower at 102.96 as of 9:15 AM IST, following Monday’s strong gains.
• Support from Easing Crude Prices: Crude oil prices remained subdued amid rising global trade tensions, helping limit further depreciation in the Rupee. Brent crude was up 1.2% at $64.98 per barrel, while WTI crude gained 1.30% to $61.49 per barrel, still hovering near a four-year low.

Global Market Cues:

Gift Nifty : 22150 (-0.81%)
Nifty PCR: 0.5786
Nifty Max Pain: 23000
Bank Nifty PCR: 0.9064
Bank Nifty Max Pain: 51400
Nifty Closing Yesterday: 22904.45 (-1.49%)

US Indices:

Dow Jones: 38,314.86 (-5.50%)
Nasdaq: 15,587.79 (-5.82%)

Asian Markets: 

Nikkei: 31,557.10 (-6.58%)
Hang Seng: 20.405.96 (-10.70%)
Shanghai Composite: 3,499.10 (-6.34%)

Crude Oil Prices

60.86 (-1.82%)

Bond Yields

US 10-Year Treasury Yield: 3.949% (-0.042%)

FII/DII Activity

Foreign Institutional Investors (FIIs) Net Buy/Sell: -3484
Domestic Institutional Investors (DIIs) Net Buy/Sell: -1720.3
*As of 09:35 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.