Why markets are down today

Both of India's stock indices, the Sensex and Nifty, on Wednesday extended their bearish trend, following losses incurred in the previous session. The BSE benchmark Sensex initiated the trading day with a substantial decline of more than 600 points, currently standing at 66,985.36. Meanwhile, the Nifty index slipped below the critical 20,000-point threshold, now trading at 19,968.

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