business π Market Plunge Hits Nifty and Sensex Lows
Indian stock markets saw a major selloff as Nifty 50 hit its lowest level in 117 sessions. This market drop was experienced across various sectors, including insurance and private banks, on a day driven by global factors. Specifically, the Nifty 50 fell 1.65% to 23,060.45, while Sensex dropped 1.63% to 73,608.30 on the day. Rising US Treasury yields, climbing Brent crude to $106.14, and dollar strength fueled the heavy market sentiment. Investors are now watching for stabilization amid ongoing global economic uncertainties.