
CosmicTaco
Sensex Plummets: Market Turmoil Explained
- The Indian stock market faced a sharp decline today, with Sensex dropping over 900 points and Nifty 50 falling below 24,750.
- Investors are booking profits amid global uncertainty, especially concerning the US fiscal deficit.
- Foreign capital inflow into Indian equities is dwindling, impacting market stability.
- Elevated valuations are deterring investors, with Nifty 50's PE ratio above its one-year average.
- Geopolitical risks and a lack of immediate positive triggers are contributing to market volatility.
Source: Mint
6mo ago
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