Indian benchmark indices Sensex and Nifty have seen a significant decline of over 4% this month, driven by foreign fund outflows, a weakening rupee, and geopolitical risks. Market participants are hoping for a pre-budget recovery, a trend observed historically. Elevated crude oil prices and rising global bond yields are further contributing to investor caution.
Sensex slumps 583 pts, Nifty below 24,000; 7 key triggers
Indian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty both falling over 0.7%. This decline was driven by soaring oil prices,