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flag India's stock market plunges over 1% due to a weak rupee, high oil prices, and US employment data.

flag India's stock market saw a severe drop on Monday, with the Sensex and Nifty indices falling by over 1% each. flag This decline was driven by a combination of factors including a weak rupee, surging global oil prices, and strong US employment data reducing expectations for rate cuts. flag Foreign institutional investors also sold off substantial equity, adding to the market's downturn. flag The total market capitalization of BSE-listed firms dropped below Rs 4.17 lakh crore, reflecting a significant loss in investor wealth.

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