Stock Market Plunges: Sensex, Nifty Down on Global Tensions, Weak Earnings

• Indian equities, Sensex and Nifty, declined on January 19 due to global trade tension concerns and mixed Q3 earnings.
• Major drags included ICICI Bank, Reliance Industries, Mahindra & Mahindra, Bharti Airtel, and Sun Pharma.
• Wipro's Q3 profit fell 7%, and its Q4 guidance missed expectations, leading to a 7.2% stock drop.
• US President Trump's threat of tariffs on eight European nations over Greenland acquisition fueled negative global market sentiment.
• Uncertainty over the next US Federal Reserve Chair and persistent FII selling also contributed to market volatility.

Why It Matters: Global trade tensions, weak Q3 earnings, and FII selling caused a significant drop in Indian stock markets.