The Economic Times

Sensex crashes over 1,300 pts from days high, Nifty below 23,200. 5 triggers behind Rs 9L cr wipeout

Indian markets faced a notable downturn, witnessing significant erosion of capitalisation. Factors like climbing US bond yields and escalating oil prices heightened inflation fears among investors. Anticipation of a rate hike by the Federal Reserve added to the market's woes. Additionally, growing geopolitical tensions in the Middle East, combined with a thriving IPO environment, intensified the pressure, culminating in a widespread sell-off across various sectors.