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Sensex Drops 900 Points From Peak, Nifty Approaches 23,100: Analyzing Market's Steep Decline
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Sensex Tumbles 900 Pts, Nifty Nears 23,100: 3 Factors Behind Market Fall
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Moneycontrol
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20-03-2026, 14:53
Sensex Tumbles 900 Pts, Nifty Nears 23,100: 3 Factors Behind Market Fall
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Sensex and Nifty significantly trimmed gains on March 20, with Sensex falling nearly 900 points from its day's high and Nifty trading below 23,100.
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A weak Indian rupee, which hit a record low of 93.24 on March 19, contributed to the market decline, driven by global energy supply disruptions.
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Brent crude remaining above $100 per barrel signals higher inflation for India, impacting the growth-inflation balance.
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Continued selling by Foreign Institutional Investors (FIIs), offloading Rs 7,558 crore, fueled the market fall, despite support from Domestic Institutional Investors (DIIs).
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