Why Indian stock market is falling today — explained with 5 reasons
stock market continue to remain under the grip os bears for fourth straight session during Monday deals. Nifty 50 index opened lower at 19,521 and went on to hit intraday low of 19,404 during Monday deals, losing over 400 points in four straight sessions. BSE Sensex today opened at 65,419 levels and went on to hit intraday low of 65,022 levels, losing over 1400 points in last four sessions.
Likewise, Bank Nifty index today opened at 43,822 levels and made intraday low of 43,583 levels, losing around 825 points in last four days. According to stock market experts, Israel-Hamas war entering 17th day, continuous selling by FIIs, rising crude oil fueling inflation pressure, strong dollar and Q2 results below market estimates are the major five reasons that has been dragging Indian stock market for the last four days. "Israel Hamas war has fueled uncertainty among investors as Middle East tension is yet to get any solution despite more than a fortnight of its outbreak.
This geopolitical uncertainty has put equity under pressure and hence Indian stock market is under pressure for last four days," said Arun kejriwal, Founder at Kejriwal Research and Investment Services. Markets Mojo picks LIC Housing as ‘stock of the month’ for October; 6 reasons why "Despite outbreak of the Israel-Palestime conflict, US dollar index has remained above 106 for the last one week. This is despite US Fed's dovish stance on interest rate hike.
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