New Delhi, March 31 -- Good morning!

If you felt markets were uneasy, Monday confirmed it. The Nifty 50 fell 2.14% and the Sensex dropped 2.22%, closing FY26 with their weakest performance since the covid-hit FY20. Since the Iran-US conflict began, Nifty 50 alone has dropped more than 11%.

What's weighing on sentiment? A heady mix of surging crude, a sharply weakening rupee nearing 95, relentless FII outflows of over Rs.1 trillion in March, and expiry-led selling. Add to that the upcoming STT hike, which is making short-term trading less attractive, and you have traders cutting positions aggressively.

Market breadth tells the same story-almost everything fell, from large caps to mid and small caps. Even technical indicators like RSI re...