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The market experienced a significant decline last week, with all sectors witnessing a substantial selling pressure. Despite the release of better-than-expected GDP data of the U.S., the market failed to find any significant upward momentum. The Hindenburg's report on the Adani group also weighed on sentiment.
The benchmark index dropped by approximately 2.5%, with the banking index experiencing an even greater decline of over 5%. Additionally, the volatility index saw a sharp increase of 25% compared to the previous week. This week, the market is eyeing the union budget which is set to be announced on Wednesday.
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