'Band Baj Gya': Netizens Cry Bloodbath On X As Indian Markets Crash

Sensex opened nearly 3,000 points lower on Monday, while the Nifty 50 slumped more than 1,000 points in early trade.

India’s Stock Market tumbles at open as trade tensions escalate (File Image)

Source : PTI

Indian stock markets open deep in the red on Monday. The sharp decline follows a massive sell‑off across Asian equities, triggered by heightened fears over US President Donald Trump’s aggressive trade policies. The Sensex opened nearly 3,000 points lower on Monday, falling over 3.5 per cent from its previous close, while the Nifty 50 slumped more than 1,000 points in early trade.

ALSO ON ABP LIVE | Why Did Stock Market Crash Today?

Netizens flocked to X, formerly Twitter, to exclaim the bloodbath that was on the expected line, with one user calling it "Band Baj Gya [All going down]".

Stock market ka band baj gya #niftycrash #Sensex #stockmarketcrash pic.twitter.com/b1GdXYOJMC

— Rohit Dwivedi (@ImRohitDwi10) April 7, 2025

Blood bath in Indian stock market today.#sensex #BSE#NSE

— Abhijit Deshmukh (@iabhijitdesh) April 7, 2025

Black Monday.#Sensex crashes 3100 pts today.

— Manish Shukla (@manishmedia) April 7, 2025

Tariff-ied, world markets crashing.
Sensex fall not for the faint hearted.
It is Tariff-ying. 🥹

— Priyanka Chaturvedi🇮🇳 (@priyankac19) April 7, 2025

Nifty & Sensex fall further. 📈
Where is my Yoga 🧘‍♂️ mat ?

— S K Mehta (@kooky_skm) April 7, 2025

READ | Asian Stock Markets In Downward Spiral  

Rupee Slides Amid Market Turmoil 

The rupee opened 50 paise weaker on April 7th at 85.74 against the US dollar, amid a broad-based market meltdown across Asia. Investor sentiment soured over concerns that President Donald Trump’s tariff actions could tip the global economy into a slowdown. The currency had closed at 85.23 in the previous session.  

On April 4th, the rupee had extended its gains from earlier in the week to emerge as the strongest in three months, briefly trading below the 85 mark. A sharp drop in Brent crude prices and growing fears of a US‑led slowdown had weighed on the dollar, supporting the Indian currency.  

Meanwhile, the India VIX — a gauge of near-term market volatility — surged more than 55 per cent, crossing the 21 level. The spike signals elevated nervousness among investors and heightened uncertainty in the equity markets.