India’s stock markets experienced a sharp decline, wiping out a staggering Rs 12.87 lakh crore in market capitalization, as investors reacted to global volatility, rising crude prices, and domestic macroeconomic concerns. Benchmark indices fell, with sectoral indices in finance, IT, and energy under pressure. Analysts point to a combination of foreign fund outflows, inflationary expectations, and policy uncertainties as drivers of the sell-off. Market participants are advised to exercise caution, focus on quality stocks, and monitor policy announcements.