Market Plunges: Geopolitical Tensions, Tariffs & Profit Booking Sink Sensex, Nifty

Business
M
Moneycontrol•06-01-2026, 15:45
Market Plunges: Geopolitical Tensions, Tariffs & Profit Booking Sink Sensex, Nifty
- •Sensex fell 376 points to 85,063, Nifty dropped to 26,175 amid profit booking and FII outflows.
- •Key factors include HDFC Bank's decline after Q3 updates and US tariff threats against India over Russian oil.
- •Geopolitical tensions from Venezuelan President Nicolas Maduro's arrest and rising India VIX fueled market nervousness.
- •FIIs sold equities worth Rs 36.25 crore, adding pressure on domestic markets.
- •Experts advise caution and higher cash positions due to heightened uncertainty and volatility.
Why It Matters: Indian markets declined sharply due to global tensions, tariff concerns, profit booking, and FII selling.
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