Stock market today: Sensex down over 400 points, Nifty 50 ends 0.64% lower; 5 key reasons behind market's fall
BSE Sensex ended lower by 434.31 points or 0.59% at 72,623.09 level while the Nifty 50 closed at 22,055.05 level, down 141.90 points or 0.64%. On the broader market front,the Nifty Small Cap 100 dropped 1.04% and the Nifty Midcap 100 indexes was down by 1.25%.
A rush for profit-taking backed by mixed global cues drove down the market. Let's look at some of the key reasons.
With the FOMC minutes set to be released tomorrow, all eyes will be on them for more remarks from Fed officials on when the Fed will begin reducing interest rates. This week, the market saw FIIs continue to be net sellers while domestic funds were buyers.
Globally, investors become more cautious ahead of Nvidia's reports, which causes US markets to drop on Friday. Markets plunge after an Israeli bombing, giving investors an excuse to book profits before tensions in the global arena increase, believes analysts.
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