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Indian Stock Market Plunges on U.S. Tariff Concerns, Crypto Markets Remain Unmentioned

Indian Stock Market Plunges on U.S. Tariff Concerns, Crypto Markets Remain Unmentioned

Author:

Global Cryptocurrency

Published:

2026-01-08 19:39:01

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BTCCSquare news:

India's equity markets faced a steep sell-off as fears of renewed U.S. tariffs rattled investors. The Sensex and Nifty 50 indices dropped 0.93% and 1.04% respectively, marking their worst single-day performance in four months. Reliance Industries led the decline, dragging sector benchmarks downward.

Seafood exporters Apex Frozen and Avanti Feeds plummeted 7.8% and 8.6% as tariff-sensitive sectors bore the brunt of the selloff. The Reserve Bank of India's interventions failed to stem the outflow tide, with all 16 major sectors closing in the red.

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