Indian stock markets faced a sharp decline due to global uncertainty and rising oil prices. The Sensex dropped over 550 points to 74,700, while Nifty fell near 23,450. Crude oil surged by 2% to cross $111 per barrel following Donald Trump's warning to Iran. Additionally, the Indian Rupee hit a record low of 96.18 against the US Dollar. Foreign Portfolio Investors (FPI) offloaded shares worth ₹55,000 crore in the last 30 days, further increasing the pressure on the domestic market despite DII support.
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