MUMBAI, Jan. 9 -- Domestic equities were shaken by the 'Trump factor' throughout the week, leaving India the worst-performing major market globally as risk-off sentiment gripped investors.

Markets struggled amid a trio of US-driven shocks. Sentiment was hit by Friday's announcement that US Commerce Secretary Howard Lutnick signalled a delay in the India-US trade agreement. Concerns deepened as the proposed Sanctioning Russia Act of 2025, which threatens tariffs of up to 500% on countries still buying Russian oil, advanced in Congress, stoking concerns over India's growth and market stability.

The resulting sell-off was brutal. In its sharpest weekly decline since 26 September 2025, the Nifty 50 shed 2.5% to settle at 25,683.30 on Friday...