IST, the barometer index, the S&P BSE Sensex, tumbled 311.56 points or 0.41% to 77,953.88. The Nifty 50 index declined 90.30 points or 0.38% to 23,606.

GEOFFREY GERTZ is a Senior Fellow with the Energy, Economics, and Security Program at the Center for a New American Security.

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