GIFT Nifty up 330 points, signals at positive start after historic rout

Indian equity markets faced a correction due to global tariff turmoil, hitting yearly lows and increasing market volatility. The India VIX surged by 65% to 22, reflecting heightened market fear. Foreign portfolio investors turned net sellers at Rs 9,040 crore, while the rupee weakened to 85.76 against the US dollar amid economic slowdown concerns.