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Market move▼ Strongly bearish for Indian equities
US yield shock, oil surge hammer equities; Nifty hits lowest since April 7
The brief
- Sensex tumbled 1,248 points to close at 73,581
- Nifty 50 shed 384 points to end at 23,063
- The sell-off weighs on Indian equities broadly, including financials and other rate-sensitive sectors
- Sensex, Nifty plunge over 1%; realty shares skid
- Sensex tanks 730 points amid surging crude oil prices, geopolitical uncertainties
- Markets open lower as crude surge, FII selling and geopolitical jitters weigh on sentiment
- Sensex falls 900 points as crude rebounds; Nifty slips below 22,900
- Sensex over 700 pts down after longest weekly losing streak in years; crude soars above $106