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Indian Markets Plunge: Sensex Dips 800 Points, Nifty Below 23,650 Amid Rising Crude Prices
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Sensex Plunges 800 Pts, Nifty Below 23,650: Crude Surge, Global Tensions Fuel Market Rout
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Moneycontrol
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12-03-2026, 15:40
Sensex Plunges 800 Pts, Nifty Below 23,650: Crude Surge, Global Tensions Fuel Market Rout
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Sensex dropped 867.77 points (1.13%) to 75,995.94; Nifty fell 238.75 points (1%) to 23,628.10.
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Key factors include surging Brent crude prices (above $100) due to West Asia tensions and new US trade investigations targeting India.
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India VIX jumped 6%, Rupee weakened 31 paise to 92.32 against USD, and FIIs sold Rs 6,267.31 crore.
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Mahindra & Mahindra, Tata Motors Passenger Vehicles, and Eternal were top losers; online food delivery firms also under pressure.
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Weak global cues from Asian and US markets contributed to the broad market decline.
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