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PM’s call for austerity measures rings alarm bells: Sensex plunges 1,300 points; investors lose Rs 6 lakh crore

Posted on May 11, 2026
By Financial Express
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1 min read

PM’s call for austerity measures rings alarm bells: Sensex plunges 1,300 points; investors lose Rs 6 lakh crore

Indian equity markets fell for a third straight session on Monday, with the Sensex plunging over 1,300 points as Brent crude crossed $106 per barrel amid escalating US-Iran tensions and persistent FPI selling.