Indian stock market plunges amid global headwinds. The Sensex crashed 850 points while Nifty fell below 23,400 as investors grappled with multiple concerns. Soaring global bond yields, with US 10-year Treasury reaching 4.62 percent, pressured emerging market equities significantly. The Indian rupee hit fresh lifetime lows, triggering increased foreign portfolio investor selling. Crude oil elevation threatens additional fuel price hikes, complicating inflation management. Geopolitical tensions from Trump's Iran warnings added to risk-off sentiment globally. Market volatility surged with India VIX jumping over 5 percent to 19.78, reflecting heightened uncertainty. While IT stocks like Infosys and TCS gained ground, broader sectors including banking and industrials faced substantial selling pressure. Market capitalization eroded by nearly 7 lakh crore rupees.
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