Sensex crashes over 1,600 points, breaks 2-day rally despite fuel excise cuts

Sensex crashed over 1,600 points to end in red on Friday, breaking its two-day rally, even as the government announced fuel excise cuts in view of the Middle East war. Nifty also ended in red, falling around 2% to below 22,900 levels. Notably, US stock market suffered its biggest one-day decline on Thursday since January 20, with Nasdaq confirming correction.

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