Sensex, Nifty Plunge: Adani Sell-off, FII Outflows Drive Market Decline

• Indian benchmark indices Sensex and Nifty closed significantly lower on Friday, reversing early gains.
• Sensex dropped 769.66 points (0.94%) to 81,537.70, while Nifty fell 241.25 points (0.95%) to 25,048.65.
• Key factors for the decline include persistent FII outflows, weak quarterly earnings, rising crude oil prices, and geopolitical concerns.
• Adani Group stocks faced heavy selling pressure due to a US SEC report on alleged fraud and bribery.
• The Indian Rupee hit a record low of 91.99 against the US dollar, further impacting market sentiment.

Why It Matters: Indian markets witnessed a sharp decline driven by FII selling, Adani stock pressure, and global factors.