Indian benchmark indices Sensex and Nifty ticked sharply lower on Monday, tracking a global selloff triggered by escalating trade tensions and rising recession fears in the U.S. The market capitalisation of all listed companies on the BSE declined by Rs 19.4 lakh crore to Rs 383.95 lakh crore. All major sectors were in the red, with Nifty Metal plunging 8% and Nifty IT falling over 7%. Nifty Auto, Realty, and Oil & Gas declined more than 5% each.
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