Stock market crash makes investors poorer by Rs 20 lakh crore in morning trade

All the Sensex firms were trading lower. Tata Steel and Tata Motors dropped over 10 per cent each.

Larsen & Toubro, HCL Technologies, Adani Ports, Tech Mahindra, Infosys, Tata Consultancy Services, Reliance Industries and Mahindra & Mahindra were the other big laggards.

In Asian markets, Hong Kong’s Hang Seng index tanked more than 11 per cent, Tokyo’s Nikkei 225 plunged 7 per cent, Shanghai SSE Composite index dropped nearly 7 per cent and South Korea’s Kospi sank over 5 per cent.

US markets ended significantly lower on Friday. The S&P 500 tanked 5. 97 per cent, Nasdaq composite slumped 5.82 per cent, and the Dow tumbled 5.50 per cent on Friday.

“Globally markets are going through heightened volatility caused by extreme uncertainty. No one has a clue about how this turbulence caused by Trump’s tariffs will evolve. Wait and watch would be the best strategy in this turbulent phase of the market,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.