Sensex crashes 1,300 points in 2 days; Nifty 50 slips below 24,850; what is driving Indian stock market down?
The Indian stock markets saw a sharp decline in the last two sessions, with Sensx slipped around 1,300 points and Nifty 50, under 24,850 points. This decline comes in the midst of the non-stop distribution reserving in heavy stocks and vulnerable global marketplace alerts. Concerns for the assessment of the front line stocks and vigilant investor spirit have delivered underneath stress. Foreign institutional investors (FIIS) have also replaced pure suppliers and connect the weakness of the market. In addition, disappointing Q1 revenue from selected companies and weighs concern about the decision of the upcoming US Federal Reserve policy to weigh more emotions. There has been a significant decline in areas such as IT, metals and properties. Investors now see home profits, worldwide financial statistics and crucial financial institution signals to come across the course of the marketplace.
The Key points
- Sensex drops 1,300 points in two trade sessions.
- Heavy profit booking triggers wide market sales.
- Global signs and weak US marketing speeds.
- Fiis continues sales in Indian equity.
- Take high evaluation caution in the blue chip population.
- Areas such as IT, metals and Realty gave tough competition.
- Investors are waiting for US food data and inflation data.
- Insertability in almost period is expected to remain high.
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