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Sensex tanks 938 points: Key factors behind the market crash

The volatility remained high ahead of the monthly F&O expiry on Thursday

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Global stocks are mostly treading water near record highs as US corporate earnings roll in

Saloni Goel New Delhi
Led by losses in index heavyweight Reliance Industries, private lenders and select IT stocks, benchmark indices extended their losses to the fourth day on Wednesday.

Weak global markets, a mixed set of Q3 earnings and selling by foreign institutional investors (FIIs) dented the domestic market mood in today's session. Meanwhile, investors chose to book profits ahead of the Union Budget on Monday, February 1.

The BSE barometer Sensex plunged 938 points to 47,410 while its NSE counterpart Nifty slipped below the 14,000 mark to end at 13,968, down 271 points.

The broader market trend was mixed with Nifty Midcap 100 and

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