Bloodbath in Indian markets: Nifty hits 1-year low, Sensex drops over 3,900 points
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Mumbai: In one of the sharpest market crashes since the COVID era, Indian stock indices opened with a steep fall on Monday. The Nifty 50 plunged by 5%, opening at 21,758.40 — down by 1,146.05 points. Simultaneously, the BSE Sensex dropped by 3,984.80 points (5.29%), opening at 71,379.8.
Experts attribute the market carnage to a global selloff triggered by the US administration's recent economic policies. Ajay Bagga, a market expert, said India is facing the ripple effects of massive tariff hikes announced by former US President Donald Trump, which he termed as the "highest tariffs of a century."
Asian markets mirrored the downturn. Taiwan's index crashed 20% after reopening from a holiday, while Hong Kong’s Hang Seng fell nearly 10%. Japan's Nikkei dropped 5.79%, China’s Shanghai Composite 6.5%, and South Korea’s KOSPI fell 4.14%. Australia’s S&P/ASX 200 declined by 3.82%.
Indian financial experts called for urgent fiscal, monetary, and reform measures to shield the domestic economy from further fallout. SEBI-registered analyst Sunil Gurjar noted that Nifty's technical indicators show a bearish trend, suggesting more downside risk ahead.
Meanwhile, Brent crude prices hit a 52-week low, trading at $63.97, and US market futures indicated further weakness, with the Dow Jones down 2.22%.
Market watchers believe that without a rollback or easing of the tariff measures, global markets may continue to experience heightened volatility in the coming weeks.
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Andhra to be developed as knowledge, creator economy hub: CM Naidu
New Delhi/Amaravati (PTI): Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said the state is taking steps to transform itself into a knowledge and creator economy hub with a strong focus on artificial intelligence and quantum technology.
He noted that Andhra Pradesh has abundant tech-driven youth and the government is formulating plans to train them in futuristic technologies with support from global technology firms.
"Our goal is to transform Andhra Pradesh into a knowledge hub by focusing on AI, quantum computing, data centres, drone cities and space cities. The youth will remain our biggest asset over the next 25 years, and we seek global partnerships to scale up the creator economy," said Naidu during his interactions at the India AI Impact Summit 2026 in Delhi.
Naidu, who participated in the summit in the national capital, also held meetings with several global technology leaders and industrialists to explore collaborations in artificial intelligence, clean energy and innovation ecosystems.
He met Adobe CEO Shantanu Narayen, Autodesk AI Head Mike Haley, Aramco India Director Abdul Rehman AiThukair, LEGO Education Vice President Tom Hall, Aadhaar Founder and CTO Srikanth Nadhamuni, Khosla Ventures Managing Partner Vinod Khosla and others at the AP Pavilion.
The chief minister also held discussions with Saudi Aramco representatives on clean energy projects, including solar initiatives, and invited the company to expand operations in Andhra Pradesh, stating that the state is highly suitable for green energy production.
He sought support from NVIDIA Vice President Callista Redmond for establishing AI Living Labs and proposed partnerships through the Ratan Tata Innovation Hub to promote youth innovation, including collaborations with IIT Tirupati and Indian Institute of Science Education and Research (IISER) Tirupati under the Andhra Pradesh Future Innovation and Research for Science and Technology (AP FIRST) initiative.
Naidu urged Autodesk leadership to support the development of Global Capability Centres in design engineering and requested the establishment of an Innovation Academy in Amaravati aligned with quantum technology, besides proposing AI and robotics learning labs in partnership with LEGO Education.
He also discussed AI-driven smart governance solutions with Quantela Inc Chairman Sridhar Gadhi, while World Bank Group Digital AI Regional Director Mahesh Uttamchandani met Naidu on the sidelines of the summit.
Following the meetings, Naidu visited various exhibition stalls at the summit, including those of NVIDIA, Tata, Intel and Microsoft, and reviewed AI applications across agriculture, healthcare and industry.
