INDIA STOCKS-Indian shares sink on global trade war, US recession fears

By Bharath Rajeswaran

April 7 (Reuters) - Indian shares opened sharply lower on Monday, as concerns over a global trade war and growing recession fears in the U.S. triggered a stock market rout on Wall Street and in other Asian markets.

The Nifty 50 .NSEI was declined 5% to 21,758.4 in pre-open trade as of 09:08 a.m. IST, while the BSE Sensex .BSESN fell 5.29% to 71,379.89.

All the 13 major sectors declined. The broader small-caps .NISMCP100 and mid-caps .NIFMDCP100 lost 10% and 7.3%, respectively.

Other Asian markets slumped, with the MSCI Asia ex-Japan index .MIAPJ0000PUS losing 6.8%. Japan's Nikkei 225 <.N225> dropped 6.5%.

Trump's new tariffs are "larger than expected", and the economic impact on inflation and growth will be likely, said Federal Reserve Chair Jerome Powell on Friday, flagging an uncertain outlook on the U.S. economy.

The Nasdaq index confirmed it entered a bear market on Friday, as oil prices and other commodities plunged amid a massive global market decline following U.S. President Donald Trump's announcement of sweeping tariffs on Wednesday. MKTS/GLOB.N