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Sensex weakens as crude surge and FII selling pressure equities
Indian equities closed lower as higher crude prices and sustained FII outflows pressured banking and auto shares ahead of the US Federal Reserve decision.
Indian equities ended lower as rising crude oil prices and continued foreign institutional investor selling weighed on sentiment. The Sensex closed nearly 310 points lower while broader market participation weakened. Auto and banking stocks led the decline as caution built ahead of the US Federal Reserve policy outcome and global yield movements.