Monday at the end of the day BSE sensex and Nifty50 , Indian equity benchmark fell down.
BSE Sensex dropped 1272.07 points or 1.43% and the NIFTY50 fell 384.15 points or 1.47% at 25,794.10 level.
This decline happened because of the market driven by major contributors such as Reliance, IT companies and financial institutions. Friday the market is at a high pick because of overbought Indian stock. Investors are nervous because of this. Today’s fall looks like it will balance that profit.
Deepak Jasani,head – retail research at HDFC securities said: besides, foreign flows are also moving towards the chinese market due to attractive valuations.
There are multiple reasons for this crash such as:
- Foreign started investing in Chinese market
- Geopolitical issue in israeli strike
- Profit booking
- Retail investor panic
- Upcoming US election