India, April 7 -- Indian share markets crashed on Monday as global trade war and growing recession fears in the US triggered a stock market rout on Wall Street and in other Asian markets.

The benchmark index BSE Sensex declined nearly 5 per cent to open 3,100 points lower while the Nifty Nifty also opened 1,200 points lower. This is the biggest opening fall in the Indian markets since the Covid.

All the 13 major sectors declined. The broader small-caps and mid-caps lost 10% and 7.3%, respectively.

IT companies, which earn a significant share of their revenue from the US lost 7%. The broader small-caps and mid-caps lost 6.2% and 4.6%, respectively.

Other Asian markets slumped earlier on Monday, with the MSCI Asia ex-Japan index losing ...