The record
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- The Indian stock market witnessed a sharp decline on Thursday, with the Sensex falling by more than 1,200 points and the Nifty dropping below 23,050.
- This sell-off resulted in significant losses for investors within a few hours.
- The downturn is attributed to rising US Treasury bond yields, increased crude oil prices, and new insurance commission caps proposed by IRDAI.
- Market volatility is expected to continue until global macroeconomic factors stabilize.
What to watch next
- Fluctuations in global crude oil prices
- Trends in US 10-year Treasury bond yields
- Response of retail investors to market volatility
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Named India · United States · Axis Bank · Bajaj Finance · Bombay Stock Exchange · HDFC Bank · National Stock Exchange · PB Fintech · Insurance Regulatory and Development Authority of India · US Federal Reserve
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