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Indian stock markets witnessed a sharp fall in early trade as the Sensex plunged over 2,200 points during the pre-opening session, while the Nifty slipped below 23,300. Weak global cues, rising geopolitical tensions, and higher crude oil prices weighed on investor sentiment.
Sensex Plunges, Nifty Drops
Mumbai: The Indian stock market witnessed a sharp decline today. The Sensex fell nearly 2,200 points in the pre-opening session, causing panic among investors. The Nifty 50 also fell sharply, slipping below 23,300.
The Sensex fell by more than 1,600 points at the opening bell, while the Nifty 50 also slipped below 23,300. Investors were alarmed as soon as the market opened.
Many major stocks came under pressure during today's decline. Shares of IndiGo and Adani Ports, in particular, fell by nearly 3%. Banking and IT sector stocks also saw selling pressure.
According to experts, weak signals from global markets and rising geopolitical tensions have directly impacted the Indian market. Growing international uncertainty and rising crude oil prices have increased investor concerns.
(...being updated)