Indian shares fell sharply on Monday due to IPO activity, central bank decisions, FII selling, IndiGo’s flight chaos, and uncertainty over India-U.S. trade deal. The BSE Sensex slumped 0.71% while the NSE Nifty fell 0.86%. Mid-cap and small-cap indexes plunged, signaling nervousness on Dalal Street. Market breadth was weak with 3,351 shares falling. PSU stocks like BEL, Power Grid Corp, and Bajaj FinServ were worst hit. Globally, Asian markets were mixed, European stocks were mixed ahead of interest-rate decisions, oil prices dipped, and gold inched higher on rate cut expectations and China’s central bank adding to reserves for a 13th straight month.

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