India, April 7 -- Indian equity benchmark indices suffered heavy losses on Monday amid concerns of a global trade war and growing recession fears in the United States.

As markets opened, Sensex crashed 3,939.68 points to 71,425.01 in early trade, while Nifty tumbled 1,160.8 points to 21,743.65. All 13 major sectors logged losses. Follow LIVE updates.

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.Also Read | Will India retaliate against Donald Trump tariffs? Government official breaks silence on strategyMonday's crash is the biggest opening fall in the Indian markets since the Covid pandemic struck in 2020.

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