Top Stories | Markets shed ₹8 lakh cr, Trump’s 500% tariff threat, Noida airport telecom tussle & more

Markets closed Thursday on a bruising note, with a broad-based sell-off dragging the Sensex down nearly 800 points and pushing the Nifty below the 25,900 mark, wiping out about ₹8 lakh crore in investor wealth.

Away from markets, geopolitics and trade policy moved back into focus. A bipartisan US bill threatening punitive 500% tariffs on countries buying Russian oil, including India, has reportedly received President Donald Trump’s backing, raising fresh uncertainty over global energy flows and trade relations. In another signal of Washington’s retreat from multilateral engagement, the US announced its exit from the India-led International Solar Alliance and several other international bodies.

On the domestic policy front, Prime Minister Narendra Modi pitched ethical and inclusive artificial intelligence as India’s start-up ecosystem took centre stage ahead of a key global summit. Infrastructure also remained in focus, with questions emerging over telecom readiness as Noida International Airport nears launch. Globally, JPMorgan flagged structural risks in the US economy as a key cloud over the 2026 outlook, even as political developments and enforcement actions made headlines both at home and abroad.

Sensex slides 780 points, Nifty below 25,900 as broad-based selloff wipes out ₹8 lakh crore



The equity benchmark indices BSE Sensex and NSE Nifty closed sharply lower on Thursday (January 8), with benchmarks slipping below all key technical levels as selling pressure intensified across sectors. The NSE Nifty failed to hold the 25,900 mark, while the BSE Sensex ended the session deep in the red amid an all-round fall in stocks.

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Bill threatening 500% tariff on India, China and others for buying Russian oil gets Trump's nod



American Senator Lindsey Graham said US President Donald Trump has given the green light to the bipartisan Russian sanctions bill, which will allow President Trump to punish those countries that buy cheap Russian oil.

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US exits India-led International Solar Alliance and 65 other international bodies



The Trump administration will withdraw from dozens of international organisations, including the UN's population agency and the UN treaty that establishes international climate negotiations, as the US further retreats from global cooperation.

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BHEL, ABB, Capital goods stocks fall up to 12% — Key trigger explained




Shares of Bharat Heavy Electricals Ltd. (BHEL), along with other capital goods names, ABB India Ltd., Siemens India Ltd., along with Larsen & Toubro Ltd. (L&T) fell up to 12% on Thursday, January 8. This is the biggest single-day drop that the BHEL stock has seen since June 4, 2024, when the stock had declined 21%. That day happened to be the day of the Lok Sabha election results.

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Noida International Airport launch nears, but telecom connectivity remains uncertain



As Noida International Airport (NIA) in Jewar is nearing launch, the telecom network connectivity for passengers remains uncertain. After Navi Mumbai International Airport (NMIA), NIA has refused permission to telecom companies to deploy their networks.

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Modi urges ethical, inclusive AI as India’s start-ups take centre stage ahead of global summit



Prime Minister Narendra Modi on Wednesday chaired a roundtable with leading Indian artificial intelligence start-ups, underscoring the government’s ambition to position India as a global hub for ethical, inclusive and affordable AI.

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US employment anomaly, not geopolitics, clouds 2026 global outlook: JPMorgan’s Aziz



The biggest risk facing the global economy in 2026 may not come from politics or geopolitics, but from a structural anomaly unfolding in the US economy, according to Jahangir Aziz, Head of Emerging Markets Economic Research at JP Morgan.

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Bengal CM Mamata Banerjee obstructed raids in coal smuggling case: ED



The Enforcement Directorate (ED) conducted searches on Thursday, January 8, in connection with a coal smuggling case, with allegations of obstruction by West Bengal Chief Minister Mamata Banerjee.

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Who was Renee Nicole Good, the woman killed in Minneapolis ICE shooting



An Immigration and Customs Enforcement officer shot dead a woman in south Minneapolis on Wednesday, the Department of Homeland Security said. The shooting occurred at East 34th Street and Portland Avenue, where federal and local law enforcement clashed with protestors for hours.

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