Stocks plummeted as Sensex dropped 617 points to 73,886, while Nifty fell below 22,500 at 22,489. Market sentiment weakened for the fifth consecutive day. Investors reacted to rising US treasury yields amid global inflation concerns, delaying expected central bank interest rate cuts. Profit booking and cautious stance ahead of exit polls also contributed to the decline.
This post was last modified on 30 May 2024 5:21 pm
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