The Indian stock market crashed as Sensex fell 1,235 points to 75,838, and Nifty dropped 320 points to 23,025. This decline was mainly due to Trump’s aggressive tariffs on BRICS nations and weak Q3 corporate earnings.
Dixon Technologies fell 14%, Zomato saw a slowdown in its food delivery business, and Newgen Software was downgraded by Jefferies. Swiggy, Paytm, and Delhivery also faced 5-8% declines.
The India VIX rose over 5%, showing increased market nervousness. The advance-decline ratio was 1:4, reflecting broader market pain. Analysts are keeping an eye on policy changes and the upcoming Union Budget, prompting cautious investor behavior.
