By Admin 
Share Market Crash: The Indian stock market opened on October 29 with a green mark. In early trade, both Sensex and Nifty saw a boom. The Sensex rose by 408 points to 80,834.58, while the Nifty opened up by 113 points. However, in the afternoon, the market’s stance suddenly changed and after losing the fast, slipped on the red mark.
The Sensex fell nearly 400 points to 80,339.23, while the Nifty slipped below 24,650. IT shares saw heavy selling, which put pressure on the market. Earlier on Friday, there was a tremendous loss of about seven lakh crore rupees in the market. Last week, within just five days, the valuation of investors had come down by Rs 16 crore.
Major reasons for market collapse:
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Doubt about RBI policy – The results of the three -day Monetary Policy Committee (MPC) meeting started from 29 September will come on 1 October. Investors are waiting for this decision, due to which there is uncertainty in the market.
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Dilemma of Indo-America Trade Deal In the ongoing talks, investors remain cautious due to tariffs and H-1B visa issues.
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Selling of foreign investors In September, foreign investors have withdrawn about 30 thousand crores, which increased the pressure on the market.
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IT shares weakness -IT shares were affected due to change in America’s H-1B visa policy and increased fees.
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India Vix increases – The index that described market volatility rose to 11.58%, which weakened the trust of investors.
Experts say that the Indian stock market may continue to fluctuate until the trust of foreign investors returns and does not get clear indications globally.
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