Credit event risks have been a feature of nearly all the past crises such as the global financial crisis in 2008 and the more recent Covid-triggered scare in 2020.
Only 40 companies in the Nifty 500 index saw their market increase in this period, and 13 among them were less than a 1 per cent rise
The surge in uncertainty followed a continued global stock rout after Beijing imposed a 34 per cent tariff on all US imports last Friday
According to the NSE, the index-based market-wide circuit breaker system applies at three stages of index movement, either way-at 10 per cent, 15 per cent and 20 per cent
MFSL has registered a bullish breakout from multiple chart patterns, and TCPL formed a higher top-higher bottom structure, according to Angel One's Rajesh Bhosale.
This comes a day after US President Donald Trump unleashed tariffs on all trading countries, even as analysts expect the risk of recession and inflation to rise in the US
Bharat Forge's stock fell as much as 8.83 per cent during the day to ₹1,018.5 per share, the biggest intraday loss since June 4, 2024
Avenue Supermarts' stock fell as much as 5.09 per cent during the day to ₹3,946 per share, the biggest intraday loss since January 13 this year
The floor price for the offer-for-sale was set at ₹2,525 per share, a discount of 7.7 per cent to Thursday's closing price
The key benchmark indices in India recovered to trade slightly lower after tumbling nearly one per cent during market opening
Dabur's stock fell as much as 7.57 per cent during the day to ₹458.2 per share, the worst intraday fall since October 2, 2024
Analysts believe that if these policies persist, they could drive significant inflation in the US, weakening demand and increasing recession risks
Describing India's tariffs as "very, very tough," Trump stated that the 26% tariff was half of what India imposes on US products
Goldman Sachs maintained a 'buy' rating on the stock with a target price of ₹1,640 per share, an upside of 28 per cent
Markets, analysts said, will react to the announcement of reciprocal tariffs and the initial response from global markets, which could influence sentiment
The stock has fallen 10 per cent this year, compared to a 1.3 per cent fall in the benchmark Nifty 50
The stock has fallen 19.5 per cent this year, compared to a 1.61 per cent fall in the benchmark Nifty 50
US President Donald Trump is set to announce his reciprocal tariffs plan on Wednesday during an event in the White House Rose Garden
In the upside scenario, Jefferies gave a target price of ₹430 apiece, which is a 79 per cent upside for the stock
Globally, markets are focused on the details of Trump's reciprocal tariffs, analysts said.