Market Crash: ₹30 Trillion Wipeout Shocks Dalal Street – 7 Shocking Losers & 4 Unexpected Winners!

India’s stock market has faced a steep decline, losing nearly ₹30 trillion in market value since peaking on March 24, 2025. This drop has been fueled by renewed global trade tensions, particularly after U.S. President Donald Trump imposed hefty tariffs on Chinese goods, prompting swift retaliation from Beijing. Only 40 companies in the Nifty 500 index managed to post gains during this period, and most of them saw marginal growth. Heavyweights like Vedanta, Hindustan Copper, Tata Steel, and Tata Motors suffered major losses of nearly 20% or more.

Meanwhile, Tata Consumer Products, Aster DM Healthcare, BSE, and Vardhman Textiles emerged as rare gainers. Monday’s sharp plunge marked the worst trading day since June 2024, as investor sentiment turned risk-averse. Adding to the pressure, other countries like Canada and France joined the global pushback against U.S. trade policies. Analysts warn that while India may not face direct tariff impact, the ripple effects could delay investments and hit overall market momentum.

Market Crash: ₹30 Trillion Wipeout Shocks Dalal Street – 7 Shocking Losers & 4 Unexpected Winners!

The Indian stock market has faced a severe downturn, erasing nearly ₹30 trillion in market value since its peak on March 24, 2025. This collapse comes just months after a promising recovery from the September 2024 lows, during which the Sensex and Nifty50 indices surged over 8%. However, renewed global trade tensions—sparked by aggressive U.S. tariff policies under President Donald Trump—have rattled investor confidence, leading to widespread selling.

Market Meltdown in Numbers

Data from the Bombay Stock Exchange (BSE) reveals that the combined market value of listed Indian companies plunged by ₹29.03 trillion between March 24 and the latest figures. The Nifty 500 index, representing India’s top 500 firms, saw only 40 companies manage to grow their market value during this period. Even among these, 13 eked out gains of less than 1%, highlighting the breadth of the downturn.

Biggest Losers

The downturn hit sectors unevenly, with metal and banking stocks bearing the brunt. State-owned lenders like Central Bank of India and UCO Bank saw significant declines, while metal giants Vedanta, Hindustan Copper, and Hindalco Industries lost over 20% of their value. Auto and steel majors Tata Motors and Tata Steel also dropped nearly 20%, reflecting broader industrial stress.

Rare Gainers

A handful of companies defied the trend. Tata Consumer Products emerged as a relative safe haven, climbing 7%, while Aster DM Healthcare, BSE (the stock exchange operator), and Vardhman Textiles posted modest gains of around 10%. These gains, however, were overshadowed by the broader market slump.

Black Monday: Markets Crash

On Monday, June 10, 2025, Indian indices recorded their steepest single-day fall in a year. The Sensex plummeted 3,939 points intraday to 71,425.01, while the Nifty50 nosedived below 21,800, hitting 21,743. The trigger was China’s retaliatory move against U.S. tariffs: Beijing imposed 34% duties on all U.S. imports after the Trump administration raised tariffs on Chinese goods to 54%, aiming to curb exports.

Global Trade Tensions Escalate

The U.S.-China standoff is part of a widening trade conflict. Canada introduced a 25% duty on select U.S. automobiles, while France’s President Emmanuel Macron urged businesses to delay U.S. investments, signaling growing transatlantic friction. China further escalated tensions by restricting exports of seven rare earth metals—critical for electronics and renewable energy—and launching probes into medical technology imports from the U.S. and India.

Analysts Weigh In: Caution Ahead

Though India’s direct exposure to these tariffs is limited, analysts warn of indirect repercussions. Delays in corporate investments, sluggish credit growth, and eroded investor sentiment could dampen economic momentum. Bank of America (BofA) highlighted that India’s lofty stock valuations, coupled with global uncertainty, warrant a cautious approach. “While fundamentals remain strong, external shocks and expensive equity markets could delay a recovery,” noted a BofA report.

Volatility Skyrockets

Reflecting the panic, India’s volatility index (VIX), often called the “fear gauge,” surged 60% on Monday—the sharpest rise since August 2024, when global markets were roiled by the unwinding of yen carry trades. Earlier, the VIX had spiked in June 2024 ahead of India’s general election results, underscoring how political and global events amplify market nerves.

Looking Ahead

The current crisis underscores the vulnerability of emerging markets to global trade shifts. While sectors like consumer goods and textiles showed resilience, metal and banking stocks remain at risk amid slowing global demand and rising protectionism. Investors are advised to brace for continued volatility as geopolitical tensions show no signs of abating.

In summary, India’s market downturn reflects both domestic vulnerabilities and the cascading effects of global trade wars. While a handful of stocks weathered the storm, the broader outlook remains clouded by external risks and high valuations. As policymakers and businesses navigate this turbulence, the road to recovery may hinge on stabilizing global relations and restoring investor confidence.