INDIA STOCKS-Indian shares open sharply lower 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 and the BSE Sensex .BSESN trimmed some losses from the pre-open trade, declining 3.84% to 22,030.25 and 3.72% to 72,600.53, respectively, as of 09:17 a.m. IST.

All 13 major sectors logged losses.

IT companies .NIFTYIT, which earn a significant share of their revenue from the U.S. lost 7%.

The broader small-caps .NISMCP100 and mid-caps .NIFMDCP100 lost 6.2% and 4.6%, 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