After reaching a record high of 85,978 points on September 27, the Sensex declined for four straight weeks before stabilizing during Diwali week. With two major events approaching—the US election and the Fed meeting—traders adopted a risk-off approach on Monday, causing the Sensex to drop nearly 1,500 points. Nifty also fell about 2% to 23,800, marking its lowest level since August 6.
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