Sensex Plummets: Market Turmoil Explained

• The Indian stock market faced a sharp decline today, with Sensex dropping over 900 points and Nifty 50 falling below 24,750.
• Investors are booking profits amid global uncertainty, especially concerning the US fiscal deficit.
• Foreign capital inflow into Indian equities is dwindling, impacting market stability.
• Elevated valuations are deterring investors, with Nifty 50's PE ratio above its one-year average.
• Geopolitical risks and a lack of immediate positive triggers are contributing to market volatility.

Source: Mint