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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Violation of common logic: Kerala Minister slams NCERT's Hindi titles for English textbooks
Thiruvananthapuram: Kerala General Education Minister V. Sivankutty criticised the decision of the National Council of Educational Research and Training (NCERT) to use Hindi titles for English-medium textbooks, describing it as irrational. He accused the central government of "cultural imposition" and of "sabotaging the linguistic diversity of the country."
NCERT reportedly released the new names of books for various classes. Class 1 and Class 2 books are now named as 'Mridang' and a Class 3 book named as 'Santoor'. The Class 6 English book has been renamed from 'Honeysuckle' to 'Poorvi.'
“The NCERT decision is against federal principles and the Constitutional values. It is not only violation of common logic, but an incident of foisting one’s cultural values in such a manner sabotaging the linguistic diversity of our country,” asserted Sivankutty.
The minister argued that the titles in the textbooks are not just names; they shape the perception and imagination of children, adding that English-medium students should have English titles in their textbooks. He opined that education should not be an instrument of imposition but of empowerment and consensus.
He further called upon the NCERT to review and withdraw this decision and urged all states to unite against such impositions.
