Domestic equities came under heavy selling pressure on September 28, extending the losses from the previous week as surging oil prices and rising bond yields, amid escalating tensions between Iran and the US, weighed on investor sentiment.
Sensex Tumbles 1,000 Points, Nifty Below 22,900: Why Is Stock Market Falling Today?
The sell-off wiped out Rs 6.90 lakh crore in market value on D-Street. Here are the key factors behind the sharp fall
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At 10:45 am, the BSE Sensex was down 997.68 points, or 1.35 per cent, at 72,898.06. The NSE Nifty 50 fell 313.70 points, or 1.36 per cent, to 22,826.80.
The sell-off extended beyond the benchmark indices, with the broader market also coming under pressure. The Nifty Midcap 100 and Nifty Smallcap 100 indices were down around 1.25 per cent and 1.32 per cent, respectively, at the same time.
This is a developing story... Stay tuned!
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