The Indian stock market continued to slip further into the red on Tuesday, a day after Sensex and Nifty crashed over 1.5% as elevated oil prices, surging bond yields and other headwinds continued to spook investors.
Sensex dropped around nearly 700 points to trade below 72,633, while Nifty 50 lost around 166 points to trade below 22,650 on Tuesday morning. The plunge wiped off nearly Rs 4 lakh crore from the total market capitalisation of all stocks listed on BSE in just minutes after opening, dragging it down to Rs 474 lakh crore.
