Social media users reacted to the Indian stock market scenario with memes. Seeing both the Indian indices, Nifty and Sensex, down, people started posting memes online. From filmy meme templates to classic GIFs, netizens shared everything that captured the essence of the current market scene. With thousands of posts, hashtags like 'Market crash' and 'Stock market crash' were trending on X.
Check a few reactions below
Nifty and Sensex down
On Monday, the stock markets plunged with the Sensex and Nifty crashing over 5 percent. The investors were stuck with fear noting the bloodbath on Dalal Street. The stock market benchmark indices went into a tailspin amid impending US reciprocal tariffs.
On the sectoral front, all indices opened in the red. Auto, IT, media, energy and infrastructure were the major laggards. The scenario reflected a fall in global equities, following President Donald Trump's tariff hikes and retaliation from China fanned fears that a full-blown trade war will impact economic growth across the globe.
Hardik Matalia, Derivative Analyst, Choice Broking told IANS, "On the technical front, the Nifty 50 has formed a bearish candle on the daily chart, signaling selling pressure at key resistance levels. Immediate support is seen at 22,400 and 22,000 for intra-day trading, as the index has historically shown stability around these zones."
"These levels could potentially act as reversal points, offering buying opportunities if supported by favourable price action," he added. -
