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Key Factors Behind Sensex’s 2,600-Point Decline in Last 5 Sessions

by TLAteam May 10, 2024May 10, 2024
written by TLAteam May 10, 2024May 10, 2024
Key Factors Behind Sensex’s 2,600-Point Decline in Last 5 Sessions

For the past five sessions, the Indian stock market has seen significant losses, with the Sensex plummeting by over 2,600 points, dropping from 75,095 points to 72,404 points by Thursday.

Business News

In the last five trading sessions, the Nifty has also plunged by almost 850 points, falling from 22,794 points to 21,957 points.

Industry experts suggest that subdued signals from the fourth-quarter earnings of large-cap companies have dampened investor sentiment, leading to profit-taking.

Also, the volatility index, India VIX, has risen 70 per cent from its lows, which too is creating some uncertainty among traders and investors.

On Thursday, it was up by 6.96 per cent at 18.20 points.

Another reason, according to experts, is that till now, FII investors have been selling in the market and domestic investors have been buying, but due to big events like elections, the purchases by domestic investors have also reduced, leading to a decline in the markets.

In the trading sessions so far in May, FIIs have sold Rs 15,863 crore. Meanwhile, the US Fed gave hawkish commentary about interest rates that subdued sentiment.

As per market experts, uncertainty over Lok Sabha election results can be another key reason behind the fall in the markets.

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