According to the source, India’s stock market recorded its biggest drop in over four months as U.S. tariff concerns resurfaced (source: the source post dated Jan 8, 2026). The source attributes the decline to renewed tariff risk and does not provide specific index names or percentage figures (source: the source post). For trading desks, this equity drawdown is a headline risk to monitor during Asia hours for potential short-term liquidity shifts that can affect BTC and ETH flows on INR-linked venues (source: the source post identifying the equity drawdown event).

According to @CNBC, InterGlobe Aviation, the operator of IndiGo and India’s largest airline, saw its shares tumble after thousands of flight cancellations. Source: @CNBC. @CNBC linked the sell-off directly to the scale of cancellations, indicating operational disruption as the immediate catalyst for the stock move. Source: @CNBC. The report did not cite any direct impact on cryptocurrency markets. Source: @CNBC.