Indian stock markets are bracing for a steep fall on April 7, with Nifty 50 and Sensex likely to crash at open, tracking deep losses across global indices. The GIFT Nifty plunged over 900 points in early trade, as Asian markets and Wall Street futures witnessed a bloodbath due to escalating global trade tensions and fears of a recession. President Donald Trump's retaliatory tariffs have sparked panic selling, wiping out nearly $6 trillion in U.S. market value. Japan's Nikkei plummeted 7.8%, and Hong Kong's Hang Seng and Taiwan benchmarks nosedived 10%.

Back home, the previous week saw a 2.6% drop in Nifty and Sensex, with IT and metal sectors bearing the brunt. Investors now await the RBI policy meeting and Q4 earnings for direction. Market sentiment remains fragile, with bearish momentum threatening further downside amid global chaos.