Stock Market Plunges: Sensex Down 400 Pts, Nifty Below 26250 Amid IT Sell-off, Trump Threat

• Indian stock markets saw a sharp decline on January 5, with Sensex falling 322.39 points and Nifty dropping below 26,250.
• Heavy selling in IT stocks, including Wipro, HCL Tech, and Infosys, contributed significantly to the market downturn.
• US President Donald Trump's threat of increased tariffs on India over Russian oil purchases heightened market uncertainty.
• The Rupee weakened by 4 paise to 90.24 against the dollar, adding pressure due to global tensions and dollar demand.

Why It Matters: IT sector sell-off, Trump's tariff threat, and a weak rupee caused a significant market fall.