Stock Market Plunges: ₹8 Lakh Crore Wiped Out Amidst Multiple Triggers

• Indian equity markets saw a sharp sell-off, with Nifty 50 breaking below crucial 20-DMA levels, triggering further selling pressure.
• Investor wealth exceeding ₹8 lakh crore was wiped out in a single session due to the market downturn.
• Uncertainty surrounding a potential trade deal between India and the US led to a sharp sell-off in export-oriented stocks like Gokaldas Exports and Avanti Feeds.
• Threat of 500% tariffs on countries buying Russian oil, as per the Russia Sanctions bill, added to market jitters.
• Underperformance by Nifty 50 heavyweights like Reliance Industries, HDFC Bank, TCS, and Infosys significantly contributed to the market fall.

Why It Matters: Indian markets crashed, losing ₹8 lakh crore, driven by technicals, trade deal uncertainty, and tariff threats.