Sensex, Nifty turn lower; broader markets crash as oil tops $116/barrel. What lies ahead?

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Indian equities turned lower as crude oil prices crossed $116 per barrel, raising concerns about inflation and economic growth. While the Sensex and Nifty posted modest declines, midcap and smallcap indices fell more sharply amid weak market breadth.

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Sensex, Nifty turn lower; broader markets crash as oil tops $116/barrel. What lies ahead?

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