Stock Market Crash Today: Bloodbath on Dalal Street as Sensex Crashes by Over 2,400 Points Amid Recession Fears in US
Today, Indian stock markets witnessed a severe sell-off, with the benchmark Sensex plunging by over 2,400 points, marking one of the steepest declines in recent history. The sharp fall, equivalent to a drop of approximately 6% in a single trading session, has sent shockwaves across Dalal Street and raised concerns about the broader economic outlook.
Source:- news 18
The market turmoil can be primarily attributed to mounting recession fears in the United States. Recent economic data from the US has suggested a potential slowdown, raising concerns that the world’s largest economy may be heading towards a recession. This has triggered a global risk-off sentiment, with investors retreating from riskier assets and seeking safer havens.
Source:- BBC news
The fall in Indian markets was exacerbated by abroad-based sell-off across sectors. Banking, IT, and consumer goods stocks bore the brunt of the market correction, with major companies witnessing a significant decline in their stock prices. Foreign institutional investors (FIIs), who have been net sellers in the Indian market in recent months, added to the pressure by offloading a substantial amount of shares.
Amid the carnage, market experts are urging investors to remain calm and avoid panic selling. They advise focusing on long-term fundamentals rather than short-term market movements. The Indian economy’s robust growth prospects and strong corporate earnings could potentially act as a cushion against global economic uncertainties.
In response to the market crash, the Securities and Exchange Board of India (SEBI) is closely monitoring the situation and may introduce measures to stabilize the market. Investors are advised to stay informed and consider consulting financial advisors before making any investment decisions.
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