Why are markets falling: A sustained selling by foreign investors, a falling rupee, weak December quarter results, Budget nervousness, China's DeepSeek, and Trump's tariff war is hurting the sentiment
DeepSeek launched its MIT-licenced open-source AI model, DeepSeek-R1 which competes with OpenAI in critical areas such as mathematical reasoning, code generation, and cost efficiency
US Nasdaq Composite futures tumbled 1.8 per cent as of 0158 GMT and S&P 500 futures sank 0.9 per cent