The Indian stock market slipped into the red on Monday, with benchmark indices Sensex and Nifty falling as investors grappled with rising US bond yields and renewed expectations of higher interest rates following hawkish comments from US Fed Chair Kevin Warsh. Renewed US-Iran tensions and a surge in crude oil prices above $90 a barrel added to the pressure.
Sensex dropped over 307 points to end at 76,957 while Nifty 50 lost over 95 points to close at 24,080. Broader markets saw a sharper fall, with Nifty Smallcap 100 and Nifty Midcap 100 indices dropping up to 0.8%.
