Stock market crash: Sensex, Nifty 50 crack over 1.5% each; HMPV virus scare among 5 factors behind selloff
Live MintThe Indian stock market crashed on Monday, January 6, with both benchmark indices, Sensex and Nifty 50, ending the session over 1.5% down amid heavy selling across the board, as reports of a new virus outbreak in China spooked investors. The Nifty 50 slipped below the crucial 24,000 mark and ended the session down 1.6% at 23,616 points, while the Sensex also tumbled 1.59% to 77,964 level. Here are the key reasons behind the fall in the Indian stock market today: Weak Asian Markets Most Asian markets traded lower as sentiment remained cautious over the potential changes by the US President-elect Donald Trump, who has vowed to sharply raise tariffs on imports from China and other countries, potentially denting growth for a region heavily reliant on trade. Fall in Heavyweights A sharp fall in index heavyweights such as Tata Steel, Reliance Industries, HDFC Bank, Kotak Mahindra Bank, ITC, Tata Motors, among others dragged the markets lower.