And I got it totally wrong. What happened was the opposite. NASDAQ went up! In retrospect, I definitely didn't expect such statements from Trump admin and republicans later that night. I think the statements by Trump, JD, and GOP, unusually accepting their Iran war as responsible for the republican rout, helped arrest the fall of markets. Investors were elated that at last these guys got some sense and markets cheered the news of an early end. But, I still think the tech and AI stocks will start losing steam and the FII money will start flowing back into the Indian market. Plus we can't really believe Trump and his boys on anything. They seem to play the markets with all sorts of statements. Anyway it is important India rationalize the taxes on capital gains a bit soon to help both domestic investors and incentivize the FIIs.