Mumbai, April 7 -- The domestic equity market endured a brutal blow today, closing deep in the red for the third straight session, as traders were left nursing staggering losses. A global sell-off-driven by escalating trade tensions and rising fears of a U.S. recession-sent tremors through Dalal Street, leaving investor sentiment severely bruised. The Nifty closed below 22,170, with metals, banks, pharma, and IT stocks leading the charge in a broad-based sell-off.

China's decision to impose a sweeping 34% reciprocal tariff on all U.S. imports starting April 10 was the match that lit an already volatile powder keg. With uncertainty looming large and no resolution in sight, panic took hold. What followed was a relentless sell-off that spar...