BusinessPhoto: News18 BusinessSensex and Nifty Fall on October 12 Due to Multiple Economic Concerns
On October 12, the Indian stock market declined as Sensex and Nifty reversed early gains amid ongoing foreign fund outflows, high crude oil prices, rising global bond yields, and inflation worries. Despite opening higher due to rupee recovery and crude price drops, the indices fell sharply, with Sensex dropping nearly 1,000 points and Nifty slipping below 22,400. Banking and IT sectors led the decline amid RBI's recent monetary tightening.
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