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Vikram Kasat – Chief Business Officer – Advisory and Dealing at PL Capital said, “Indian equities witnessed a sharp risk-off session, with the Sensex falling around 1,200 points and the Nifty declining to around 23,077, as selling intensified across sectors, particularly financials. The correction reflects more than routine profit-booking: the rise in the US 10-year Treasury yield to around 5.11%, crude oil remaining above $100 a barrel and persistent geopolitical uncertainty are collectively raising concerns around inflation, borrowing costs and the pace of global monetary easing.”