Mumbai, April 7 -- Shockwaves from Washington jolted stocks from Tokyo to London on Monday, erasing nearly Rs.14 trillion of India's investor wealth as the world panicked about the unfolding tariff war resulting in a full-blown slowdown.

Dalal Street witnessed its worst opening since March, 2020 which marked the start of a months-long pandemic lockdown in India. After a 5% lower opening, the Nifty and Sensex on Monday traded in the red throughout the day before settling 3% lower, their worst show since 4 June, 2024.

There was no place to hide: All of BSE's sectoral indices fell. The damage wasn't limited to the frontlines either. The NSE's mid-cap and small-cap indices fell a sharper 4%, illustrating the pain in the broader market. On t...