Rs 8 lakh crore selloff! Sensex plunges 1,400 points from day’s peak as bulls lose steam; 3 triggers

What happened: Sensex and Nifty rose nearly 1% to 74,682 and 23,121, then reversed in the afternoon, with Sensex falling about 1,400 points from its day's high to Why it matters: The article cites three triggers: rising oil prices on Middle East supply concerns, rising bond yields that pressure equities, and persistent FII selling. Vijayakumar of Geojit Investments said the market is likely to remain under pressure while Brent crude and US bond yields stay elevated, but improving earnings growth, fair large-cap valuations and strong domestic liquidity should support the market on declines.

Sensex and Nifty rose nearly 1% to 74,682 and 23,121, then reversed in the afternoon, with Sensex falling about 1,400 points from its day's high to

The article cites three triggers: rising oil prices on Middle East supply concerns, rising bond yields that pressure equities, and persistent FII selling. Vijayakumar of Geojit Investments said the market is likely to remain under pressure while Brent crude and US bond yields stay elevated, but improving earnings growth, fair large-cap valuations and strong domestic liquidity should support the market on declines.