Indian equity markets are experiencing significant downward pressure as multiple headwinds converge simultaneously. The Sensex has declined substantially while Nifty trades below the critical 24,200 support level, driven primarily by weakness in banking sector valuations. Contributing factors include crude oil prices breaching the $90 mark, escalating geopolitical tensions affecting investor sentiment, and broader market uncertainty. This pullback reflects heightened risk aversion among institutional investors and increased volatility in commodity markets, signaling potential headwinds for economic growth expectations.

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