CosmicTaco

Why Are Stock Markets Falling Today? Sensex Tanks Over 900 Points

CosmicTaco · 2024-07-10T15:09:22.420799+05:30

- Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks. - Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning. - Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80. - Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India. - Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.

Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks.
Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning.
Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80.
Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India.
Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.