Sensex dropped over 1,000 points on September 30, with Nifty falling below 26,000. Investors are cautious ahead of key US data and Federal Reserve Chair Jerome Powell's speech.
Rising geopolitical tensions in the Middle East, including Israel's intensified strikes, have fueled market unease. Meanwhile, China's stock surge, boosted by economic stimulus, has led foreign investors to shift funds from India. Profit booking after recent rallies and mixed global market signals further contributed to the fall. India's market volatility index, India VIX, surged 7%, reflecting growing concerns.