Sensex ends 671 points lower: 7 key factors behind today’s selloff

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Key Points

NEW DELHI: Leaving Dalal Street investors poorer by Rs 1.6 lakh crore, the Sensex today ended 671 points lower while Nifty fell below its 200-DMA..

The sell-off was led by bank stocks as Nifty Bank slipped below the 40,500 mark with a loss of 771 points...

The total market capitalisation of all BSE-listed stocks fell to Rs 262.7 lakh crore today as bears ruled the Street for the second consecutive day amid weak global cues..

Adani stocks traded mixed today but Nifty stock Adani Enterprises ended 2.9% lower at Rs 1,896.45..

Asian stock markets followed Wall Street lower Friday ahead of a US jobs update amid worries about possible further interest rate hikes..

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