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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55-bed free palliative care centre to open near Bengaluru’s Nelamangala
Bengaluru: A new 55-bed palliative care centre for terminally ill patients, named the Nemmadi Centre for Palliative Care, will be inaugurated near Nelamangala on Sunday. The facility will offer all services completely free of cost.
According to a report published by Deccan Herald on Saturday, the centre has been set up by the Sukruthi Charitable Trust in collaboration with Rotary Bangalore Midtown. Around Rs 20 crore has been invested in the project, which will operate without a billing counter, ensuring that families do not have to pay for treatment.
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The centre will provide comprehensive palliative care, including medical support, counselling for patients and their families, and bereavement care. The facility aims to help families cope with the physical and emotional challenges of caring for terminally ill patients.
“A cornerstone of the project was the generous donation of land by former MLC E Krishnappa, which made the centre possible,” DH quoted Palani Loganathan as saying.
The inauguration ceremony will be attended by Madhusudan Sai, founder of the Sri Madhusudan Sai Global Humanitarian Mission, Karnataka Health Minister Dinesh Gundu Rao and Rajya Sabha MP Dr C.N. Manjunath who also serves as the chief medical advisor to the centre will also be present, along with several senior government officials and healthcare leaders.
