The Economic Times

Rs 3 lakh crore selloff! Sensex tanks 700 pts, Nifty below 25,650. 4 factors behind the plunge

Indian markets slumped on Thursday as Nifty and Sensex reversed early gains, dragged down by heavy selling across banking, metal, auto and FMCG stocks. Investor wealth fell by 2.73 lakh crore. A hawkish US Fed outlook and a sharp rise in crude prices further pressured sentiment, triggering broad-based declines.