There was an earthquake in the stock market, Sensex fell by 632 points, Nifty below 25,860, know the reason for the fall.

Stock Market Crash: A huge decline is being seen in the Indian stock market on the fourth trading session of the week, Thursday, October 30. Both the major indexes are trading in the red. There has been an earthquake in the BSE Sensex index of 30 shares. At around 2:45 pm, the Sensex was trading at 84,432, down 564 points. At the same time, NSE Nifty 50 was also trading 155 points down at 25,898. During this period, only 7 shares from BSE basket were trading with green mark. Whereas 23 shares had turned red.

Talking about the top loser, shares of Bharti Airtel fell by 1.81 percent. At the same time, shares of Power Grid were also trading with a decline of 1.42 percent. A huge decline is being seen in the shares of Nifty 50, Nifty Bank, Nifty Smallcap, Nifty Auto, Nifty FMCG, Nifty IT.

Market experts believe that the main reason behind this decline could be the selling of foreign investors, interest cut by the US central bank Federal Reserve and the ongoing instability at the global level.

The main reason for the ongoing decline in the market

1. Foreign investors did not show confidence in the Indian stock market on Thursday and sold heavily. Due to this the stock market turned red. Talking about the last few days, most of the foreign institutional investors have withdrawn money from the Indian market. Foreign investors have sold shares worth Rs 2,540.16 crore on net.

2. The US central bank Federal Reserve has announced a cut in its key interest rates by 0.25 percent on October 29. Also, Fed Chairman Jerome Powell has adopted a cautious approach towards this step. Which had an impact on the markets of the whole world including Indian. Investors took less risk in emerging markets after this decision of the Fed. Due to which a decline was recorded in the stock market.

3. According to India VIX report, there may be fluctuations in the stock market. The impact of this report was also seen on today’s market.

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