The Indian stock market experienced a major downturn, with the Sensex dropping over 700 points and the Nifty 50 falling below 23,250 due to unfavorable global signals. Investors lost around ₹5 lakh crore in just five minutes.

BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Monday morning. While BSE Sensex went below 77,000, Nifty50 was near 23,250. At 9:20 AM, BSE Sensex was trading at 76,843.

Market experts believe that while the budget had some positive aspects, certain key areas did not meet expectations.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,365 level, a discount of nearly 190 points from the Nifty futures’ previous close.

Stock indices Sensex and Nifty ended lower on Monday following weak global markets due to concerns about US President Donald Trump's tariff implementation on trading partners.