BSE Sensex continues to be in bear grip; Nifty50 below 22,600 - top reasons for fall
Indian equity benchmarks, Nifty50 and BSE Sensex, continued their decline, falling over 0.8% due to investor caution driven by higher crude oil prices, rising bond yields, and broader global market weakness, including US and Asian markets.
Why it matters
This indicates significant economic instability and investor concern in major global markets, particularly India, with potential implications for individual investors and the broader economy.
Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmarks, extended their decline on Tuesday, crashing over 0.8% after the rout on Monday. Investors remained cautious as higher crude oil prices, rising bond yields and several other concerns continued to weigh on sentiment.At around 10:25 AM, Nifty50 was trading at 22,586.60, down 194 points or 0.85%. BSE Sensex was at 72,138.99, down 633 points or 0.87%. The sharp fall erased nearly Rs 4 lakh crore from the combined market capitalisation of companies listed on the BSE within minutes of the market opening, taking the total down to Rs 474 lakh crore.Bajaj Finance was among the biggest losers on the Sensex, with its shares falling around 2%. The Nifty Midcap 100 and Nifty Smallcap 100 both declined around 0.8%.Dalal Street was also tracking the broader weakness across global markets.
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