business ๐ Indian stock market hits 3-month low today
The Indian stock market faced heavy selling pressure on Thursday, causing Sensex to drop over 1,100 points and Nifty to fall below 23,100. This downturn was driven by surging US bond yields and rising crude oil prices above $100 a barrel. Furthermore, increased bets on a Fed rate hike and renewed Iran-US tensions added to the market stress. Financial stocks also took a sharp hit due to proposed changes by the insurance regulator. Investors must now watch crude oil prices, US yields, and geopolitical stability closely. ๐