BusinessAI imageSensex Falls Over 777 Points, Nifty Below 23,118 on Crude and Fed Fears
On September 15, the Sensex dropped more than 777 points, while the Nifty slipped below 23,118, hitting a five-month low. The market decline was driven by rising crude oil prices, fears of Federal Reserve rate hikes, and increasing government securities yields, which raised inflation concerns. The downturn wiped out Rs 9.50 lakh crore in market value.
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