Indian Equities Face Sharp Correction **Overview** Indian stock markets registered a significant downturn on Monday, resulting in a substantial erosion of market capitalization for BSE-listed firms. The sell-off was driven by a convergence of negative global cues and domestic performance concerns. **Key Drivers** * **Global Trade Tensions:** Investor sentiment was dampened by the resurfacing of global trade war concerns following new tariff threats issued by U.S. President Donald Trump. * **Domestic Earnings:** Selling pressure was further exacerbated by disappointing quarterly earnings reports from market heavyweights, specifically Reliance Industries and ICICI Bank. **Outlook** Given the prevailing volatility, investors are advised to closely monitor geopolitical developments and upcoming corporate announcements.