Indian Markets Shed Nearly Rs 10 Lakh Crore in Market Capitalization Amid Greenland-Driven Headwinds
🇮🇳 Steepest Single-Day Plunge in Nine Months
Indian equities recorded their **steepest single-day decline in nine months**. Both the **Nifty** and **Sensex** indices fell significantly during the session.
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Global Uncertainty Drives Sell-off
The sharp sell-off was primarily triggered by escalating **geopolitical uncertainty**. Key factors included speculation surrounding US President Trump's **Greenland plans** and his administration's threatened **tariffs on European nations**.
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Market Volatility and Precious Metals
The heightened investor fear was reflected in a notable jump in the **volatility gauge**. In contrast to the equity market decline, **gold and silver** continued their upward momentum, extending their **record-breaking rally**.