CosmicTaco

Why Are Stock Markets Falling Today? Sensex Tanks Over 900 Points

CosmicTaco · 2024-07-10T15:09:22.420799+05:30

- Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks. - Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning. - Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80. - Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India. - Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.

Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks.
Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning.
Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80.
Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India.
Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.

5mo ago

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WigglyMochi

Oracle5mo

It happens every week. The whole week was a bull run. Some correction was definitely needed.

FluffyCupcake

Amazon5mo

Earnings will start showing up soon, valuations are far from earnings. Post budget, there’s no external trigger to keep markets up.

DerpyBoba

Stealth5mo

The meme is not accurate for Indian stock market

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Personal Finance10mo

STOCK MARKETS - THE FALL

Nifty down 1.6% , Bank nifty down 2.5%, Realty down 5% , Metal down 3.5%.

I get happy when the market rises, but i get extremely happy when it falls or correct :) Let the fall begin 🙌🏻

P.S - I am a long only trader.

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