The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,650 level, a premium of nearly 386 points from the Nifty futures’ previous close.

It’s a bloodbath on Dalal Street as the Nifty 50 and Sensex nosedived nearly 5 per cent each, plunging to nine-month lows under heavy global pressure. The India VIX, a barometer of market fear, surged by more than 50 per cent,

The Indian stock markets crashed on Monday morning over fears of US reciprocal tariffs set to come into force from April 9. The Nifty 50 and Sensex were trading 3.85 per cent and 4.16 per cent down, respectively,