Sharp Correction in Indian Indices Indian equities witnessed a significant downturn on Wednesday, characterized by intense selling pressure across sectors. The **Nifty 50** concluded the session down by **353 points**, while the **Sensex** registered a steep decline of **1066 points**. Technical signals indicate the market is now in **oversold territory**. Consequently, market observers note the potential for a **pullback rally** as traders reassess valuations following the drop. External headwinds contributed heavily to the negative sentiment. Global markets mirrored the decline, driven by escalating **trade tensions** and rising volatility in **bond yields**. On the currency front, the macroeconomic environment exerted further pressure on the domestic unit. The **Indian Rupee** weakened significantly, hitting a new **record low** against the US Dollar.