Nifty slips below critical support level of 23,600 as market reacts to global economic uncertainties

Indian equity indices experienced a decline on Monday, with the Nifty 50 falling below 23,800. Rising Brent crude oil prices and investor preference for smaller stocks impacted large-cap performance. The market also faces pressure from increased IPOs and fund-raising activities. US bond yields are nearing their 2023 highs, causing investor discomfort. Mid and small-cap segments show stronger activity while large caps lag.

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