Sensex and Nifty are said to be falling all together. Why Nifty Falls Below ₹18,800? Sensex Crash Over 600 Points. The stock market crash is said to be affecting big businesses and the Indian economy. The report has mentioned that Nifty has fallen below 19000 and Sensex has also declined by 600 points. The market saw the fall on Thursday and the situation is estimated to be more tense in the coming days. The major reason behind the fall is said to be economic and geopolitical tensions going on around the world.
Nifty Falls Below ₹18,800 And Sensex Crash Over 600 Points Know Reason
Nifty and Sensex are said to be the backbone of the Indian economy and the stock market. There is a loss of 5.78 lakhs crores in the market cap of BSE which can further go to 3030.44 lakhs crores. Large-cap companies like Tata, and Bajaj, have seen a fall. The price of Brent oil is said to rise by $90 per barrel. The stock market crashes are often a tough time for the whole market.
Nifty Small cap has closed by 2 percent while the Nifty midcap has lost 1.7 percent. There are some industries which also benefit from this. Companies like Axis Bank, ICICI Bank, ITC which is a tech company, Reliance which is a network company, and HCL which is a tech company are said to be the gainers in the crash.
On the other hand, auto companies like Mahindra faced losses, along with Bajaj, M&M, Hindalco, and Adani Ent. It is being said that the Nifty might fall below 18,000 levels. The estimated results are not said to be positive. However, the market volatility has also affected the small-cap companies.
The Reasons Behind Nifty Crash and Sensex Fall
Nifty and Sensex fall major reasons are said to be geopolitical tensions and economic tensions. The wars going on have also had an impact on the market. It is often seen that the market is affected by several different things. Its current fall is said to be below 18,800. The chances are less in the upcoming days.
At the same time, we all know that the market is unpredictable and one can not be sure what will happen next. Sensex has lost 185.05 points till now. This was all about today’s Nifty and Sensex fall. We hope the market will come back to normal soon. We will update you as soon as we get to know. Stay tuned for more information.