1) Trump’s Greenland Tariff Threats Rattle Markets: Global markets, including the Nikkei and European indices, fell sharply after U.S. President Donald Trump threatened new 10% tariffs on European nations unless the U.S. is allowed to purchase Greenland. This has sparked a “trade war” fear, pushing investors toward safe-haven assets.
2) Silver Surges Past ₹3 Lakh Milestone: Fueled by geopolitical uncertainty and safe-haven demand, silver futures on the MCX smashed through the ₹3 lakh per kg mark for the first time. Gold prices also reached all-time highs as the U.S. dollar dipped.
3) Mixed Q3 Corporate Earnings (RIL, Wipro, ICICI)
:Reliance Industries (RIL): Shares fell over 3% after Q3 results showed marginal profit growth. While its oil-to-chemicals (O2C) segment was strong, retail performance was seen as a “blip”.
Wipro: Stock crashed up to 9.5% following a weak revenue outlook and concerns over discretionary client spending.
ICICI Bank: Reported a 4% decline in net profit due to higher provisioning, leading to a slide in share price.
4) Blockbuster Debut for Bharat Coking Coal (BCCL): The first mainboard IPO of 2026, Bharat Coking Coal, made a massive debut, listing at a 97% premium over its IPO price.
5) Market Indices Breach Key Levels: The Indian market saw a significant sell-off on Monday, with the Nifty 50 breaching the 25,600 level and the Sensex cracking over 600 points during intraday trade. Analysts attribute this to foreign institutional investor (FII) selling and trade-war fears.
