On Monday, Indian equity markets experienced a severe sell-off, with the Sensex plummeting over 800 points and the Nifty 50 falling below the 23,100 mark. The decline was driven by multiple factors, including a significant drop in global markets, where South Korea's Kospi fell 9% and the Nasdaq dropped over 4%, marking its largest single-day fall since April 2025. This global downturn was exacerbated by continued foreign institutional investor (FII) outflows and escalating geopolitical tensions in West Asia, particularly due to Iran's missile strikes on Israel. The market rout resulted in a loss of over ₹5 lakh crore in market capitalization, reducing the total value of BSE-listed firms to ₹456 lakh crore. All sectoral indices on the National Stock Exchange (NSE) opened lower, with major stocks like M&M, ICICI Bank, and Tata Steel declining by around 2%. The bearish sentiment was widespread, impacting both midcap and smallcap indices as well. The India VIX, a measure of market volatility, surged nearly 12% to 17.66, indicating heightened investor anxiety.