Why Market is Down Today, Sensex Nifty 50 crash

Why Market is Down Today, Sensex, Nifty 50 crash; investors lose over ₹9 lakh crore

Why Market is Down Today : Stock Market Today: The Indian stock market witnessed a massive sell-off, with the benchmark Sensex and Nifty 50 falling over 1%. The mid- and small-cap indices declined up to 4%, resulting in a loss of ₹9 lakh crore in market capitalisation in a single day.

Stock Market Today: A massive wave of selling swept the Indian stock market on Tuesday, October 22, pulling down the benchmark Sensex and Nifty 50 by over one per cent each. The mid- and smallcap segment of the market declined even more, as the BSE midcap and smallcap indices declined up to 4 per cent.

The total market capitalisation of BSE-listed firms fell to around ₹444.7 lakh crore from around ₹453.7 lakh crore in the previous session, resulting in a loss of around ₹9 lakh crore to investors in a single day.

Why is the stock market down today?

Experts say that rising geopolitical tensions, uncertainty over the US elections in 2024 and continued selling by foreign portfolio investors (FPIs) are the key factors influencing market sentiment. Apart from this, disappointing September quarter earnings and stretched valuation of the Indian stock market are also contributing to the market decline.

Category : Blog

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