SpaceX will attempt to launch its Starship vehicle today, marking the first test flight of the world's biggest and most powerful rocket ever built. The Starship consists of two components - the Super Heavy rocket booster and the Starship spacecraft to house cargo and crew. The 120-metre tall rocket is designed to carry humans and cargo to Moon and Mars.

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.

As Indian markets crashed on Monday, Nifty IT fell over 5%, while Nifty Metal and Pharma fell over 7% and 3%, respectively. Nifty Realty saw a drop of over 5% and Nifty PSU Bank crashed 4%. Nifty Media and Nifty Auto crashed nearly 7% and nearly 5%, respectively. The Sensex has crashed by nearly 3,000 points.

Investors lost around ₹19 lakh crore from their wealth on Monday after Indian stock market crashed amid a global selloff triggered by escalating trade tensions and rising recession fears in the US. Sensex crashed around 3,000 points, while Nifty was down by almost 1,000 points. All major sectors were in the red, with Nifty IT falling over 7%.

Sensex crashed over 3,000 points on Monday and was trading at 72,122.64, while Nifty tumbled over 970 points at market open. This comes as Asian stock markets plunged a day after US futures opened sharply lower following the announcement of reciprocal tariffs by US President Donald Trump. Trent and TD Power Systems were among the top losers on Sensex.

Donald Trump's advisor Kevin Hassett has claimed that over 50 nations have reached out to the US to negotiate a trade deal after the US President imposed reciprocal tariffs. Meanwhile, Treasury Secretary Scott Bessent played down US stock market's deep plunge, saying there was "no reason" to expect a recession due to the reciprocal tariffs.