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Indian Markets Decline for Fourth Day: Sensex Drops 450 Points, Nifty Below 23,150
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Sensex, Nifty Plunge for 4th Day: Crude, FII Outflows & Geopolitics Fuel Decline
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Moneycontrol
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16-03-2026, 11:26
Sensex, Nifty Plunge for 4th Day: Crude, FII Outflows & Geopolitics Fuel Decline
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Sensex and Nifty declined sharply from day's high, marking the fourth consecutive day of market fall.
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Elevated crude oil prices due to prolonged West Asia tensions and continued foreign fund outflows (FIIs) dampened investor sentiment.
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Weak global cues, geopolitical concerns involving Iran, Israel, and the US, and a declining rupee further pressured the market.
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IDBI Bank plunged over 13% on reports of shelved stake sale bids; Bharat Electronics, Power Grid Corporation of India, and Infosys also declined.
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Nifty midcap100 and Nifty smallcap100 indices fell significantly, with market breadth remaining negative.
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