The Indian stock market traded lower on Friday, extending its decline to the fourth consecutive trading session, weighed down by selling across most sectors
The benchmark BSE Sensex declined over 500 points, and the NSE Nifty 50 dropped over 1% to slip below 22,500 level. The Bank Nifty index also plunged over 1%.
Broader markets continue to bleed. The Nifty Smallcap 100 index slumped more than 3%, while the Nifty Midcap 100 index plunged over 2%.
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Barring Nifty IT, all other sectoral indices were trading in the red, with Nifty Metals, Nifty Realty, Nifty Auto, Nifty FMCG, Nifty Oil & Gas and Nifty Media falling the most.
Here are five key reasons behind the fall in the Indian stock market today:
- Crude Oil Prices Above $114
- Escalating Geopolitical Tensions In West AsiaÂ
- Sharp Selloff In Global Markets
- FII Selling Spree Continues
- Technical Supports Breached
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(More to come)
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