Explained: Why Sensex fell over 1,000 points and will stock market bloodbath continue?
3 weeks, 2 days ago

Explained: Why Sensex fell over 1,000 points and will stock market bloodbath continue?

India Today  

Benchmark stock market indices faced a sharp sell-off on Thursday, extending losses for the fourth straight session amid a global market rout triggered by concerns over slower US Federal Reserve rate cuts. The US Federal Reserve’s 25 basis point interest rate cut met market expectations but failed to comfort investors due to its cautious guidance. Swapnil Aggarwal, Director, VSRK Capital, said, "The US Federal Reserve’s recent 0.25-point rate cut, coupled with signals of reduced future cuts, has led to a significant sell-off in global markets. Investor wealth eroded by Rs 6.57 lakh crore, shrinking the total market valuation to Rs 446.03 lakh crore from Rs 452.60 lakh crore the previous session, reflecting the day’s severe market carnage.

History of this topic

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