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Synopsis Indian markets experienced a severe downturn, with over 70% of stocks dropping significantly, a level not seen since the 2020 Covid crash. This selloff is attributed to a lack of exposure to high-growth tech companies and a confluence of pressures including a weakening rupee and rising crude oil prices due to the West Asia conflict. Indian markets took a savage beating on Monday, with more than 70% of stocks falling 3% or more — a level of carnage not seen since the Covid crash of 2020. Heavyweight names including Shriram Finance, IndiGo, and Lodha were not spared. Yet at…
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