Sensex down 900 points: Why is the stock market falling today?
India Today
The main indices on Dalal Street have tumbled and heavyweight stocks are under pressure. What is really driving today's fall, and should investors be worried about more downside ahead?
Dalal Street’s benchmark indices remained under heavy pressure on Thursday, with sustained selling dragging markets deeper into the red through the afternoon session.
At around 2:11 pm, the Sensex was down 880.94 points to 82,853.31, while the Nifty50 had slipped 262.05 points to 25,566.90. The losses have widened since the afternoon, indicating continued weakness rather than a brief dip.
So what is driving the fall?
The decline is not confined to a single pocket of the market. Selling has been visible across banking, financial services, energy and capital goods stocks.
Heavyweights such as Reliance Industries, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Larsen & Toubro were trading lower, putting significant pressure on the indices. Even defensives like Hindustan Unilever and ITC saw declines. When such large companies fall together, benchmark indices tend to drop sharply because these stocks carry high weightage in index calculations.
Only a handful of stocks such as Infosys and TCS managed marginal gains, offering limited support.
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The S&P BSE Sensex was down by 47.79 points to 82,578.97, while the NSE Nifty50 lost 7.45 points to 25,464.75 as of 9:48 am.
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