Indian stock markets tumbled sharply more than 3 per cent on Thursday, March 19, with the benchmark indices Sensex crashing around 2,500 points and Nifty closing near the key 23,000-mark, nearly erasing all gains recorded during the past three consecutive sessions of gains. Soaring crude prices and hawkish Fed commentary were among the key triggers behind the decline.
30-share BSE Sensex crashed 2496.89 points or 3.26 per cent to close at 74,207.24, while the NSE Nifty50 sank 775.65 points or 3.26 per cent to end at 23,002.15, respectively.
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