Black Monday, April 7 -- Indian benchmark indices went into a tailspin in opening trade on Monday amid weak global cues. While both the Sensex and Nifty crashed over 5 per cent, Asian shares too nosedived with Japan's Nekkei diving nearly 8 per cent after the meltdown Friday on Wall Street over US President Donald Trump's tariff hikes and the backlash from Beijing.

Why Black Monday Is Trending Today?

This comes days after Jim Cramer, an American television personality and market commentator, predicted that the tariff war could lead to a market crash in the United States reminiscent of the infamous 1987 'Black Monday'. He warned of a similar 'bloodbath' on April 7.

"We will not have to wait too long to know. We will know it by Monday," ...