Sensex, Nifty Plunge: Key Factors Behind Monday's Market Decline

• Indian equities, Sensex and Nifty 50, opened the week with significant declines, falling by 700 and 200 points respectively.
• US President Donald Trump's announcement of new tariffs on European allies, including the UK, reignited tariff war fears, sparking a global risk-off sentiment.
• Major index heavyweights like Reliance Industries, ICICI Bank, Infosys, TCS, and HDFC Bank significantly contributed to the Nifty 50's decline.
• Broader markets, including Smallcap and Midcap stocks, also saw losses, though less severe than benchmark indices, leading to a ₹2 lakh crore market cap erosion.
• Haven assets like Gold and Silver surged to record highs globally, with Silver prices in India crossing ₹3 lakh per kg.

Why It Matters: Global tariff fears and underperforming index heavyweights caused a sharp decline in Indian markets.