Indian stock markets opened lower on Apr. 6, 2025 due to rising global trade tensions and fears of a US recession. This follows a sell-off on Wall Street and declines in other Asian markets.

As of 9:17 a.m. IST, the Nifty 50 index fell 3.84% to 22,030.25, while the BSE Sensex decreased by 3.72% to 72,600.53.

IT companies, which rely heavily on US revenues, experienced a 7% drop. Broader indices also declined, with small-cap stocks down 6.2% and mid-cap stocks down 4.6%.

Asian markets reflected this downturn, with the MSCI Asia ex-Japan index falling 6.8% and Japan’s Nikkei 225 down 6.5%.

This decline followed comments from Federal Reserve Chair Jerome Powell on Apr. 4, 2025 regarding the economic impact of new US tariffs announced by President Donald Trump.

Powell described the potential effects as “larger than expected” with uncertain implications for inflation and growth.

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