Indian stock markets experienced significant losses as major indices declined nearly 1% amid global economic headwinds. The sharp correction wiped out approximately Rs 4 lakh crore in market value from the BSE. Multiple factors converged to trigger the selloff, including escalating US Treasury yields reaching nearly two-decade highs, intensified expectations of Federal Reserve monetary tightening, and crude oil prices surging beyond the $102 per barrel threshold. These macroeconomic pressures created a challenging environment for domestic equities.

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