Why is market falling today? Sensex tumbles over 700 pts, Nifty below 23,250. Key factors behind Rs 5 lakh cr D-Street wipeout

Indian stock markets tumbled significantly on Friday, with benchmark indices Sensex and Nifty recording considerable dips. The sharp surge in crude oil prices coupled with increasing bond yields rattled investors, leading to a staggering loss of over Rs 5 lakh crore in total market capitalisation. After a day of volatile trading, both indices closed well in the red.

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