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A broken support, RBI's rupee curbs and a 7.5% jump in India VIX are weighing on sentiment as foreign selling continues.
The Indian stock market faced a steep downturn, with the Sensex plummeting close to 1,000 points from earlier highs. Investor sentiment was negatively impacted by ongoing foreign institutional investor sales and an uptick in bond yields, which have become more appealing than stocks. However, resilience was displayed…
Indian equity benchmarks fell on Monday as investors tracked oil prices, US yields and foreign outflows. The slide came despite a firmer rupee, keeping focus on inflation, rates and near-term market direction.