By Admin 
Stock Market Fall: A huge fall is being seen in the Indian stock market on Friday, 24 October. At around 3:10 pm, the 30-share BSE Sensex was trading 294 points down at 84,261, while the NSE Nifty was also trading in the red at 25,798, down 92 points. Only 8 shares were showing rise from BSE basket, while 22 shares were trading with red mark.
There was a rise in the Indian stock market in the last few days. Even today the stock market had started with a green mark. However, it slipped after some time and turned red. Market experts believe that the reason behind this decline is selling and profit booking by foreign investors.
Why is the market falling?
1. There was a tremendous surge in the Indian stock market in the last few days. Investors had benefited from this boom. However, on Friday, the last trading day of the week, the stock market turned red due to profit booking. There was a decline in the stock market due to heavy selling of shares of Banking, Financial Services, IT, FMCG and Auto. Investors are booking profits by selling shares.
2. Foreign institutional investors sold shares on Thursday’s trading day. Due to which the process of buying by foreign investors which had been going on for 5 consecutive sessions came to a halt. According to the released data, foreign investors sold shares worth about Rs 1,165.94 crore. Due to which there was a huge decline in the stock market.
3. India VIX rose by almost 1 percent to reach 11.84, reflecting the ongoing turmoil in the market and the nature of investors. Due to which there are indications of fluctuations in the market in the coming days. Due to this also investors did not trust the stock market and withdrew their money.
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