#MarketCorrection
๐จ๐๐Global markets are undergoing a sharp correction, with Indian benchmarks Nifty 50 down nearly 2% to 24,825 and Sensex dropping 1.88% to 80,723 following the Union Budget 2026's Securities Transaction Tax hike.๐
๐จ๐๐ Bitcoin has fallen below $66,000โnearly 50% from its October peakโdragging crypto treasuries and risk assets amid leverage unwind and Fed policy concerns.โ
๐จ๐๐Main DriversBudget changes triggered knee-jerk selling in F&O segments, with VIX spiking and heavy losses in stocks like BEL, Hindalco, and Adani Ports (down >5%).๐ฐ
๐จ๐๐ Broader pressures include Fed falling behind on rate cuts, AI valuation worries, and $2 trillion erased from crypto markets since October.โ
๐จ๐๐Affected SectorsForward ViewAnalysts see this as a healthy 5-10% pullback in a bull trend, with cash positioning for dips into value stocks and internationals.๐ฐ
๐จ๐๐ Potential rebound if Nifty holds 24,500 support; watch Fed signals and budget fallout.๐ฐ
$USDC #
#WhenWillBTCRebound #WarshFedPolicyOutlook #ADPDataDisappoints #JPMorganSaysBTCOverGold