Indian Equities Under Pressure The Indian stock market has recorded its most significant downturn for a season opening in **10 years**. Persistent selling pressure has resulted in an estimated loss of **Rs 8 lakh crore** in total market capitalization, marking a sharp correction in investor sentiment. External factors remain a primary driver of this volatility. Foreign Institutional Investors (FIIs) have offloaded a net **$2 billion** from the domestic market. This capital flight is largely attributed to growing anxieties surrounding a delayed India-US tariff agreement and shifting global liquidity trends. Domestic caution is further amplified by the upcoming Union Budget. Market participants are adopting a "wait-and-watch" stance, leading to expectations of range-bound trading in the near term. Analysts indicate that significant recovery or trend reversals will likely remain on hold until definitive policy clarity emerges from the government.