Rising oil, weak rupee and rate fears hammer Dalal Street; VIX jumps 10%

On Thursday, Indian equities faced a significant sell-off, leading to declines in both Sensex and Nifty. The Sensex dropped by 1,045.46 points, while Nifty fell by 371.25 points. The decline resulted in a market capitalisation loss of nearly ₹10 lakh crore. Global concerns such as elevated oil prices and interest rate increases are impacting investor sentiment. Overall, the Indian stock market continues to struggle amid challenging economic factors.