Sensex Plunges Over 1,600 Points Amid Broad Selloff Triggered by HDFC Bank Slump
• BSE Sensex saw worst single-day crash in 16 months, falling over 1,600 points or 2.23% • Decline attributed to significant fall in HDFC Bank shares after disappointing Q3 results • Selloff also affected other financial stocks like Kotak Bank, ICICI Bank, PSU banks • Analysts say market is taking a breather after significant rally, valuations currently high • Concerns that expected Fed rate cuts this year may not happen as bond yields continue rising