The Indian stock market experienced a significant downturn on Tuesday, with the benchmark Sensex index falling by 430 points, closing at 65,000. This decline comes just a day after the Nifty index had crossed the 24,000 mark, highlighting a rapid shift in investor sentiment. Market analysts attribute the sell-off to a combination of factors, including rising global inflation concerns and uncertainty surrounding upcoming economic data releases. The broader market sentiment has turned cautious, reflecting fears of potential interest rate hikes and their impact on corporate earnings. As a result, the Nifty index also slipped, indicating a widespread retreat across various sectors. The decline in both indices underscores the heightened volatility currently affecting equity markets, as investors reassess their positions amid a backdrop of fluctuating economic indicators.
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