Indian stock markets experienced a significant selloff today, with Sensex dropping 700 points and Nifty falling below 25,650. The market decline stems from multiple critical factors: uncertainty around US Federal Reserve rate cuts, potential geopolitical tensions, and rising oil prices. Foreign portfolio investors are showing caution due to mixed signals from Fed officials about potential interest rate movements. Banking, metal, auto, and FMCG sectors witnessed heavy selling, erasing approximately Rs 2.73 lakh crore in investor wealth. The market capitalization now stands around Rs 469 lakh crore. Investors are closely monitoring US economic indicators and potential shifts in monetary policy that could impact emerging market investments. The ongoing global economic landscape continues to present challenges for market stability and investor sentiment.
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