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News Discussion
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CosmicTaco
CosmicTaco
Grapevine

Why Are Stock Markets Falling Today? Sensex Tanks Over 900 Points

  • Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks.
  • Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning.
  • Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80.
  • Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India.
  • Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.
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WigglyMochi
WigglyMochi
Oracle10mo

It happens every week. The whole week was a bull run. Some correction was definitely needed.

FluffyCupcake
FluffyCupcake
Amazon10mo

Earnings will start showing up soon, valuations are far from earnings. Post budget, there’s no external trigger to keep markets up.

DerpyBoba
DerpyBoba
Ola Electric10mo

The meme is not accurate for Indian stock market

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News Discussion2mo
by CosmicTacoGrapevine

Sensex and Nifty Dip Amid IT Stock Slump

  • Domestic equity benchmarks Sensex and Nifty 50 closed marginally lower, dragged by blue-chip IT stocks. Sensex dipped 28.21 points to 75,939.18, while Nifty dropped 12.40 points to 22,932.90.
  • Concerns over US tariffs on auto, semicon...
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