Stock Market Crash: Nifty 50 slips below 24K, Sensex tanks 1200 points — 5 reasons why Indian stock market fell today
4 months ago

Stock Market Crash: Nifty 50 slips below 24K, Sensex tanks 1200 points — 5 reasons why Indian stock market fell today

Live Mint  

Stock market crash: Following weak global market trends after the heightened tension in the Russia-Ukraine war and the Israel-Hezbollah war, the Indian markets ended lower on Thursday, November 28, after experiencing some pullback in the previous session. According to stock market experts, the Indian stock market fell today after trading range-bound for nearly three sessions. Heightening tension in the Russia-Ukraine war and Israel-Hezbollah war after air strikes by Israel against the Iran-backed militant group Hezbollah, a strong US dollar, and discounted geopolitical triggers are some of the significant reasons that are pulling down the Indian stock market today. This could be the possible reason for profit-booking trigger in the Indian stock market despite a gap-up opening in the Opening Bell,” said Mahesh M Ojha, AVP — Research at Hensex Securities. As the Union Budget 2024 is just two months away, they are in a Catch-22 situation, and hence they are non-participant in the current Indian stock market.” 4] Strong US dollar: Pointing towards the rising US dollar rates, Anshul Jain, Head of Research at Lakshimishree Investment and Securities, said, “Investors are switching money from the gold and equities to bond and forex market as the US dollar prices are continuously rising.

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