Indian stocks extend losing streak on October 1 as Sensex drops 570.59 points

The Times of India reports that the Sensex closed at 71,909.70, down 570.59 points, while the Nifty fell 198.50 points to 22,421.95 on October 1. It cites foreign selling, high US bond yields, a weak rupee and oil prices as pressures. One post argues that market taxes are driving capital flight; another points to September 28 declines in several countries as evidence of a global sell-off.