NewzThe Indian stock market experienced a significant downturn during midday trading, with the BSE Sensex falling 691 points to 71,947.85 and the Nifty50 dropping 245 points to 22,357.85. The decline represents a loss of approximately 0.95% for the Sensex and 1.08% for the Nifty50 as of 12:02 PM.
Market analysts attribute the downward trend primarily to sustained selling of large-cap stocks by Foreign Institutional Investors (FIIs). Additionally, the current market climate is being influenced by US 10-year bond yields remaining at elevated levels.
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