- 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.