Equity markets in India witnessed a sharp downturn on Friday, with benchmark indices Sensex and Nifty plunging over 1% in early trading. The sudden dip was primarily driven by renewed geopolitical tensions following a terrorist attack in Jammu & Kashmir and disappointing corporate earnings from Axis Bank. Despite recent foreign inflows and supportive global cues, investor sentiment was severely dampened. Key sectors including banking, power, and infrastructure bore the brunt, even as IT giants like Infosys and TCS offered limited support.
