Sensex, Nifty Plunge Over 2% Amid Global Uncertainty, Rising Bond Yields

• Indian equity benchmarks Nifty 50 and BSE Sensex fell sharply by over 2% on Friday.
• Global macro headwinds, rising bond yields, and geopolitical tensions contributed to the market decline.
• Nifty 50 closed at 22,820, down 2.09%, while Sensex dropped 2.25% to 73,583.22.
• Technical indicators signal continued weakness, with Nifty failing to surpass key resistance levels.
• Government's excise duty cut on fuel and assurances from Iran on trade routes offer potential relief.