Sensex sinks 1,150pts, Nifty dips below 23,900: What's behind market crash?

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Sensex sinks 1,150pts, Nifty dips below 23,900: What's behind market crash? - Business Standard

Quick Summary:

The key benchmarks - Sensex, Nifty faced another bear attack on Thursday, with the BSE Sensex crashing 930 points or 1.

Market pundits say that the dollar index rising above 108 and the 10-year bond yield spiking to 4.52 per cent are clearly negatives from the perspective of FII fund flows.

The drop in the Indian stock market came amid a similar downturn in the US as well Asian markets after the US Federal Reserve delivered its third consecutive rate cut but signaled a slowdown in future reductions, leaving investors jittery.