NASA astronauts launched by Elon Musk's SpaceX safely returned to Earth in a splashdown by Crew Dragon capsule in the Gulf of Mexico off the coast of Florida. Astronauts Douglas Hurley and Robert Behnken spent two months in space after being launched by SpaceX in May-end. The splashdown marked the first water landing by NASA astronauts since 1975.

Stock markets in the US mirrored the massive crash seen by Asian markets on Monday as the Dow Jones Industrial Average fell over 1,700 points shortly after opening. This comes as markets grow wary of effects of a trade war started by US President Donald Trump's reciprocal tariffs. Nasdaq tumbled nearly 800 points while S&P 500 dipped over 200 points.

Gold prices fell ₹1,550 to close at ₹91,450 per 10 grams in Delhi on Monday, according to the All India Sarafa Association. The precious metal of 99.9% purity had dropped ₹1,350 to close at ₹93,000 per 10 grams on Friday. Meanwhile, silver prices have plunged by ₹3,000 to close at ₹92,500 per kg on Monday.

India's first vertical lift sea bridge, the new Pamban Bridge in Tamil Nadu, got stuck on the day of inauguration, The Hindu reported. The lift span was seen in a slanted position in videos that surfaced on social media. After approximately 30 minutes of troubleshooting, officials managed to bring the lift back down, The Hindu said.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday announced that the cost of each LPG cylinder will be hiked by ₹50 for Ujjwala and non-Ujjwala consumers. "This means the price of each cylinder will go up from ₹500 to ₹550 for Ujjwala beneficiaries. For others, it will go up from ₹803 to ₹853," Minister Puri added.

After the government announced ₹2 per litre hike on petrol and diesel on Monday, Ministry of Petroleum and Natural Gas said the retail prices won't be affected. "PSU Oil Marketing Companies have informed that there will be no increase in retail prices of Petrol and Diesel, subsequent to the increase effected in Excise Duty Rates," the ministry tweeted.

Sensex crashed around 2,200 points on Monday as fears of a global trade war grew after US President Donald Trump announced tariffs on several countries. The Sensex and Nifty crash was preceded by a market rout on Wall Street and other major Asian markets like Japan, Singapore and China. Foreign portfolio investors (FPIs) have also resumed selling Indian equities again.

India's benchmark indices Sensex and Nifty closed 3% lower on Monday after most Asian markets witnessed wipeouts similar to 1987's Black Monday. Sensex ended 2,226 points lower at nearly 73,130 while Nifty closed over 700 points lower below 22,200. Trent, Tata Steel, Larsen and Toubro, JSW Steel, Hindalco Industries and Tata Motors were biggest losers on both Sensex and Nifty.

The government on Monday announced that it has increased excise duty on petrol and diesel by ₹2 per litre. "This notification shall come into force on the 8th day of April, 2025," the notice released by the Ministry of Finance stated. The decision comes amid ongoing fluctuations in global oil prices and Trump's tariffs.

Goldman Sachs has raised odds of a US recession to 45% in the next 12 month as fears of a trade war grip markets after US President Donald Trump's tariffs. Goldman had raised the probability of a US recession to 35% from 20% just last month. Earlier, JP Morgan put the odds of a US and global recession at 60%.

India will reportedly not retaliate against US tariffs. PM Narendra Modi's administration has looked into a clause of Trump's order that offers possible reprieve for trading partners who "take significant steps to remedy non-reciprocal trade arrangements", an Indian official told Reuters. Another official said India sees advantage in being among first nations that initiated trade talks with US.