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Indian equities slide as oil surge and bank stake buzz shape session
Indian markets weakened on higher oil prices, with IDBI Bank gaining on stake sale developments while broader indices remained under pressure.
The Sensex declined nearly 300 points, while the Nifty slipped below the 24,800 mark, reflecting pressure in small- and mid-cap stocks during a volatile session. Banking stocks were mixed, though IDBI Bank stood out with a sharp 4 percent rise after reports suggested Canada based Fairfax Financial has emerged as the leading contender in the government’s stake sale process.