Indian stock markets face a sharp decline as Sensex and Nifty slump due to IT stock selloffs amid rising AI disruption fears and renewed global trade concerns.Illustration: Dominic Xavier/RediffKey PointsIndian stock market indices Sensex and Nifty fell sharply due to a selloff in IT stocks, fueled by fears of AI-led disruption.Rising crude oil prices and renewed global trade concerns, particularly related to US President Trump's tariff policies, contributed to the negative market sentiment.IT stocks like E ...

Core Viewpoint - The market appears to be dismissing global trade concerns, yet uncertainty persists due to economic fluctuations, job market issues, and potential global economic slowdown in 2026 as tariff impacts become more pronounced [1] Economic Conditions - There are signs of economic ups and downs that contribute to market uncertainty [1] - Job market red flags are raising concerns about the overall economic health [1] Global Trade Concerns - The potential for a slowdown in the global economy by 2026 is linked to the effects of tariffs [1] - Tariff concerns are expected to have a more significant impact in the coming years [1]