By Admin 
Indian Stock Market Crash: A huge decline is being seen in the Indian stock market on the trading day of Thursday, 12th February. BSE Sensex has slipped by 465 points, while NSE Nifty 50 is trading below 25,821. There was heavy selling in IT shares during the trading day.
IT stocks like Infosys, Wipro and Tech Mahindra fell by up to 5 percent from Nifty. Besides, the confidence of investors has also been shaken by the signals coming from the global level. Let us know, what is the reason behind this decline?
1. Did not get support from global markets
The trend of international markets was also not in favor of the domestic stock market today. There was pressure in the Asian market and Hong Kong’s Hang Seng index was seen trading in the red.
At the same time, American stock markets also closed with a decline on Wednesday. The direct impact of such weak global signals was seen on the Indian market and the market collapsed.
2. Crude oil prices spoiled the market trend
The ongoing tension between America and Iran has strengthened the prices of crude oil. On Thursday’s trading day, there was a rise of 0.46 percent in the prices of Brent crude oil in the global market and it reached the figure of $ 69.72 per barrel.
The effect of rising prices of crude oil was seen on the stock market. The risk of inflation increases as prices rise. This is also considered to be one of the reasons for the decline in the market.
3. SHARE IT RED LIKE A TOMATO
During the trading day, investors booked huge profits in IT shares. Due to which a decline of about 4 percent has been seen in the Nifty IT index. According to the latest data, most of the IT stocks including Infosys, Wipro, TCS and Tata Elxsi slipped 5 to 6 percent.
The reasons behind this are being considered to be the recent difficulties of Artificial Intelligence and the US Fed’s low expectations of cutting interest rates.
condition of stock market
At around 11:50 am, both the major benchmark indices were trading in the red. BSE Sensex had slipped 464.54 points or 0.55 per cent and was trading at the level of 83,769.10. Nifty 50 was trading at the level of 25,824.05 with a decline of 129.80 points or 0.50 percent.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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