Business News

Why is market falling today? Sensex tumbles over 700 points, Nifty below 23,200. 5 factors behind Rs 4 lakh crore wipeout

FinSiddhi

Indian equity benchmark indices Sensex and Nifty fell nearly 1% on Thursday, erasing over Rs 4 lakh crore in BSE market capitalisation. Surging US 10-year Treasury bond yields to 19-year highs, heightened US Fed rate hike expectations, and rising crude oil prices above $102 per barrel triggered a sharp market selloff.
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