Market rout deepens as crude surge, high US yields batter Indian equities

The Indian stock markets faced a notable downturn on Monday as fears over escalating oil prices and rising US bond yields loomed large. The NSE Nifty 50 plummeted by 1.56%, marking its lowest close for the fiscal year. The BSE Sensex also dipped by 1.48%, leading to significant market capitalization losses.

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