Nasdaq plunges 5.5% | Kospi down 7% | Nifty likely to see cautious start

Core Development: Nasdaq plunges 5.5% | Kospi down 7% | Nifty likely to see cautious start

Market & Financial Impact: Join us live for Opening Bell as we get you ready for the trading day on Dalal Street. Wall Street suffered a broad-based sell-off driven by fears of an unwinding of the AI trade, wiping out $2.3 trillion in market value. The Dow dropped 1,800 points, the Nasdaq tumbled into correction territory, and all three major averages posted their worst day since April 2025, with chip stocks hit hardest. The rout has deepened in Asia, with the Kospi plunging sharply at the open and the Nikkei entering bear territory. GIFT Nifty points to a cautious start for India, though the Nifty is on track for its biggest weekly gain since February 2021 and has outperformed Asian peers this quarter. We also break down the heavy FII and DII flows, falling US yields and what the global tech wreck could mean for Indian markets. On the commodities front, Brent crude is trading around $99 a barrel as investors assess the US-Iran war outlook and new tanker attacks, while gold has climbed above $4,100 an ounce as the dollar stays subdued. On the earnings front, we track Titan’s strong Q2 beat, Bharti Airtel’s in-line numbers, ONGC and Britannia, and preview today’s results from Hindalco, Jubilant Foodworks, Siemens and Voltas. The festive season continues with special Diwali programming lined up on Moneycontrol throughout the week.

Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.