Indian indices fell sharply, with Nifty slipping ~0.85% to 24,870.10 and Sensex retreating ~694 points to 81,306.85, ending a six-day rally.
Profit-taking accelerated amid worries over an impending 25% U.S. tariff on Indian exports, expected to take effect soon.
Earlier momentum driven by proposed tax reforms faded in the absence of fresh domestic catalysts.
Volatility Index (VIX) surged 3.1%, flagging elevated investor risk aversion.
Week ended modestly positive, but Friday losses point to global headwinds cree
ping into sentiment.
Market correction underscores growing sensitivity to global trade risks.
Broader caution may linger until tariff clarity emerges.
Defensive sectors may attract capital amid buy-side hesitation.
Retail and domestic institutional flows could cushion near-term
downside.
Trend underscores geopolitical risk as a key market driver.