Indian markets brace for turbulent trading ahead. The Sensex dropped 1,312 points to 76,015 while Nifty fell 360 points to 23,815 as multiple headwinds pressure domestic equities. Foreign portfolio investors continue selling, the rupee weakens, and foreign reserves face pressure amid a widening current-account deficit. Prime Minister Modi has emphasized austerity measures including reduced travel and lower gold purchases to address macroeconomic challenges. Gift Nifty signals another gap-down opening of approximately 180 points. Crude oil surged 352 points to 9,376, while gold and silver climbed significantly. Analysts warn that without resolution to geopolitical conflicts, investors should prepare for stricter fiscal and monetary measures. Global markets remain mixed, with Japan's Nikkei gaining marginally while Korea's Kospi declined over one percent.
