Stock Market Live Today: Will the Nifty crack 22,000; Rout across Asia on Wall Street sell-off, growth concerns

Sensex Nifty Today | Stock Market Live Updates: Indian stock markets are likely to start the day on a weak note, following a sharp sell-off in global markets. Asian markets tumbled early Tuesday, mirroring the overnight slump on Wall Street, as fears of a possible recession in the world’s largest economy rattled investors. Japan, South Korea, and Hong Kong markets all saw significant declines, setting the stage for a cautious opening for Sensex and Nifty 50.

Key things to watch today:

Trump’s tariffs are fueling a $4 trillion market meltdown: Investors are on edge as President Donald Trump’s tariff policies fuel market uncertainty, leading to a major stock market slump. In just a month, the S&P 500 has lost over $4 trillion in value, with Monday marking its worst drop of the year down 2.7%. The Nasdaq took an even harder hit, tumbling 4%, its steepest fall since September 2022. With ongoing trade tensions involving China, Canada, and Mexico, businesses and investors are growing wary, triggering a deeper sell-off. The S&P 500 is now down 8.6% from its February peak, inching closer to the dreaded 10% correction mark, while the Nasdaq has already slipped beyond that threshold since December.

JP Morgan raised growth worries: A US economic slowdown could significantly increase the chances of a global recession this year, according to analysts at JPMorgan Chase. Citing “extreme U.S. policies” as a key factor, they warned that the risk of a worldwide downturn has risen “materially higher.” The analysts now estimate the probability of a recession at 40 percent.

Dollar index: The US dollar remained largely flat overnight, with minor gains against the Australian dollar and the British pound balancing out losses against the Japanese yen. However, the greenback took a notable hit against the yen, slipping to its lowest level in months. It also weakened slightly against the Swiss franc, touching levels last seen in early December.

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