Domestic equity benchmarks experienced a sharp decline today, mirroring global trends, as tensions in the Middle East escalated. The Nifty50 closed below 25,850, with sectors like auto, banking, and finance bearing the brunt of the sell-off. However, metals and media stocks bucked the trend. Global investors are closely watching US economic data, particularly the jobs report, which could influence the Fed's interest rate decisions. While China's market saw a rebound due to stimulus measures, India's premium valuation and global pressures weighed on its performance. Domestically, investors are looking forward to Q2 earnings reports, hoping for a reversal after a weak Q1.