Sensex Today | Nifty 50 | Stock Market Live Updates: Indian stock markets sharply declined on Wednesday, with Sensex dropping over 1,400 points and Nifty 50 falling below the 23,900 mark. The decline came after the benchmark indices opened flat amid mixed global cues and persistent pressure from the ongoing Iran–US-Israel.
Sensex Today | Nifty 50 | Stock Market Live Updates: The Sensex fell about 1,342 points to 76,864, closing below the key 77,000-mark. Nifty 50 dropped over 395 points to end the session at 23,867. The sharp decline wiped out nearly Rs 6 lakh crore from the total market capitalisation of BSE-listed companies, pulling it down to Rs 441 lakh crore.Bajaj Finance, Axis Bank, Bajaj Finserv, Mahindra & Mahindra (M&M),Kotak Mahindra Bank and Maruti Suzuki shares were the top losers on Sensex, falling 3-5% each. Sun Pharma and NTPC were the only gainers.Why is the stock market down today?1) Iran-Israel war rages on2) Rupee declines3) FII selling continues4) Profit booking5) Oil prices surgeGlobal Markets Updates
- The Stoxx Europe 600 fell 1.1% as of 9:16 a.m. London time
- S&P 500 futures fell 0.2%
- Nasdaq 100 futures fell 0.2%
- Futures on the Dow Jones Industrial Average fell 0.3%
- The MSCI Asia Pacific Index rose 0.9%
- The MSCI Emerging Markets Index rose 0.7%