Sensex Crashes Today over 1,000 Points, Nifty Below 22,300: Why Is the Market Crashing?

Nifty touches fresh 52-week low, Sensex tanks 1,045 points over global jitters

Digital Desk | Mumbai, Oct 8 (IANS) Indian equity benchmarks witnessed a sharp sell-off on Thursday as a steep rise in global crude oil prices, concerns over prolonged tight monetary conditions, and continued foreign fund outflows rattled investor sentiment. Brent crude surged 4 per cent and crossed the $104-per-barrel mark, stoking fears of persistent inflationary pressures and raising concerns about the outlook for interest rates. The bench…

Sensex Crashes Over 1,000 Points, Nifty Falls Below 22,250; Nearly Rs 8 Lakh Crore Wealth Wiped Out

Indian stock markets witnessed a sharp sell-off on Thursday, October 8, with benchmark indices falling for…

Sensex down 1045 points, Nifty below 22250

Indian equity benchmark indices extended loss on Thursday, a day after the RBI moved from a “neutral” to “calibrated tightening” policy stance with Sensex losing 1045.46 points and Nifty down 371.25 points. The BSE Sensex closed at 71,593.24, while the Nifty 50 ended at 22,231.80. Top Nifty losers were Adani Enterprises, JSW Steel, Max Healthcare, […] Vivek Waghmode

Sensex crashes today over 1,000 points, Nifty below 22,300: Why is the market crashing?

Mumbai: Indian stock markets witnessed a sharp sell-off on Thursday, with the Sensex plunging over 1,000 points and the Nifty falling below 22,300. The decline came amid concerns over higher borrowing costs, expensive crude oil, and continued foreign investor selling. The RBI raised its repo rate by 25 basis points to 5.50% and shifted its […]