Rs 8 lakh crore selloff! Sensex plunges 1,400 points from day’s peak as bulls lose steam; 5 triggers

The Indian stock market experienced a sharp decline on Wednesday, with the Sensex plummeting 1,400 points from its day's peak. This significant drop in the market is a cause for concern, as it indicates a loss of momentum for the bulls. The Sensex and Nifty 50 indices both saw a reversal in their fortunes, with the Sensex falling from its high of 74,682 and the Nifty 50 dropping below 22,700.

Why it matters

The Indian stock market saw a significant decline after an initial rise. The Sensex and Nifty both climbed nearly 1% early on, but then plunged.

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