Indian stock markets experienced significant losses as Sensex and Nifty declined. Soaring oil prices and other factors spooked investors, leading to a market downturn. Major IT stocks like Infosys and TCS saw considerable drops, impacting the overall market. Broader markets also followed the downward trend, with midcap and smallcap indices falling. The total market capitalization saw a substantial reduction of approximately two lakh crore rupees.
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