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Market in bear grip, AI stocks falter, Crude jumps 4% | Opening Bell


D-Street ended Thursday deep in the red, with the Nifty falling 1.64 percent to 22,231.80, its lowest close in 18 months, and over Rs 10 lakh crore of investor wealth wiped out. Crude above $100, a weak rupee and FII selling have kept pressure on the market, and now a US Labor Department action on PERM filings of big IT firms has put the IT pack in focus. In today’s Opening Bell, we track the global cues, the pre-market action and the stocks and sectors to watch, and discuss what investors should do now.