FX.co ★ Sensex Ends Sharply Lower

The BSE Sensex experienced a significant decline of approximately 3%, closing at 73,137.9 on Monday, marking its third consecutive session of losses. This trend reflects the sharp downturn seen in global markets, driven by escalating trade tensions worldwide and mounting recession concerns in the United States. Investor sentiment has deteriorated following President Donald Trump's introduction of new tariffs, which have led to swift retaliatory measures from China. Additionally, US Federal Reserve Chair Jerome Powell indicated on Friday that these tariffs, recently announced by former President Donald Trump, exceeded expectations in both scale and potential impact on inflation and economic growth, thereby raising questions about the US economic outlook. The sell-off was widespread, with metal companies like Tata Steel experiencing a nearly 8% drop. The banking, technology, and automotive sectors also suffered significant losses.