Stock market crash: Nifty, Sensex down 1%. Why is Indian stock market down today? EXPLAINED | Stock Market News
Stock Market Crash: Indian benchmark equity indices Sensex and Nifty50 lost around a percent on Tuesday, December 17, extending losses for the second straight session. The benchmarks were dragged by index heavyweights Reliance Industries, Infosys, and HDFC Bank, as investors remained cautious ahead of the US Federal Reserve’s December 18 meeting for signals on its rate cut trajectory.
The BSE Sensex shed as much as 807 points, or 1 percent, lower to its intra-day low 80,941.61. Meanwhile, the Nifty50 was down 247.75 points, or 1 percent to its day’s low of 24,420.5.
Among Sensex stocks, Adani Ports was the only constituent in the green while the remaining 29 stocks were negative. HDFC Bank, Reliance Industries, ICICI Bank, Bharti Airtel and L&T were the top draggers in the index.
