• Sensex fell by 430 points today to end at 33,317.
  • Nifty closed at 10,249.
  • The SFIO called the bank chiefs of major Indian banks (including ICICI and Axis Bank). This caused the banking stocks to go down.
  • Trump’s proposal to introduce import taxes in the USA affected the global markets.
  • NSE said the valuations are still high and that the fundamentals still need to catch up.
  • India’s macros deteriorating.
  • Foreign Institutional Investors continued to sell their investments in India.

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