Why is Indian stock market falling for five straight sessions? — explained with 5 crucial reasons
Stock market today: The Indian stock market continues to remain under the sell-off heat for the fifth straight session on Thursday. The Nifty 50 index opened lower in the early morning session and touched an intraday low of 22,184, logging more than 450 points in the last five sessions. The BSE Sensex opened lower and hit an intraday low of 72,891, recording over 1700 points loss in five days.
The Nifty Bank index has been under selling pressure for the last seven straight sessions, losing 1600 points. According to the astute observations of our esteemed stock market experts, the ongoing Lok Sabha elections, FIIs' selling, bounce back in the US dollar rates, hawkish US Fed fueling treasury yields, unimpressive Q4 results 2024 season and rising India VIX Index are some of the primary reasons that have been dragging the Indian stock market downwards. Speaking on the reasons for the drag on the Indian stock markets, Saurabh Jain, Vice President of research at SMC Global Securities, said, "There are combinations of reasons that are dragging Indian indices together.
Ongoing Lok Sabha polls, continuous selling by FIIs, not so impressive Q4 results season, hawkish US Fed and rising VIX India Index can be attributed as one of the major reasons weighing on the Indian stock market these days." Also Read: Gold price dips ahead of Akshaya Tritiya on hawkish US Fed. Opportunity to buy? 1] Lok Sabha elections: "The Indian stock market has already discounted the victory of BJP-led NDA in the ongoing Lok Sabha polls. Now, the Indian stocks are in overbought condition and hence premature profit booking has triggered on Dalal Street.
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