Nifty 50, Sensex crash over 1% each; why Indian stock market is down today? Explained | Stock Market News
Stock market today: The Indian stock market experienced a sharp selloff across segments on Friday, December 13, leading to a decline of over 1 per cent in the frontline indices, Sensex and Nifty 50. Midcap and smallcap indices were hit harder, falling nearly 2 per cent each during intraday trading.
The Sensex crashed over 1,200 points, or 1.5 per cent, to 80,082.82, while the Nifty 50 plunged nearly 370 points, or 1.5 per cent, to 24,180.80.
The BSE Midcap and Smallcap indices crashed up to 2 per cent. The overall market capitalisation of BSE-listed firms dropped to nearly ₹451 lakh crore from ₹458 lakh crore in the previous session, making investors poorer by about ₹7 lakh crore in a single session.
Why is the Indian stock market down today?
Indian stock market witnessed a sharp selloff on Friday amid weak global cues.
Major Asian peers suffered losses on Friday after the US dollar rose, weighing on the risk appetite of investors. Moreover, sharp gains in US treasury yields also hit emerging markets hard. According to Reuters, longer-dated US treasury yields were heading for their biggest weekly rise this year as expectations for deep US rate cuts in 2025 wane.
