As Donald Trump's aggressive tariff stance triggers a global selloff, are Indian markets being unfairly punished despite India’s relatively stronger macro position? In this insightful segment, market veteran Ajay Bagga explains how global investors, especially hedge funds, are caught in a broad-based liquidity crunch—leading to indiscriminate selling across asset classes. From gold and silver to Indian equities, Bagga reveals how margin calls and refinancing pressures are driving panic exits. Ajay Bagga decodes why the market reaction has less to do with India’s fundamentals and more with a scramble for cash in global markets.