Share Market News: Why Indian Stock Market Crashed This Week| Share Market Crash Explained

28 Oct, 2023 Author: Ayushee Joshi

Share Market Today: The Indian stock market recently experienced a sharp drop in share prices, with major losses on Monday and Wednesday this week as both the 30-share BSE Sensex and the 50-share NSE Nifty fell by more than 1.25%. The BSE Sensex fell 825.74 points (1.26%) to 64,571, the largest single-day decline since July 1. According to media sources, the NSE Nifty fell 260.90 points or 1.34% to close trading at 19,281.75, making it one of the worst sessions for the Nifty in more than seven months.

Reason Behind Share Market Fall

There might be a variety of explanations for the sharp drop in the Indian stock market. To begin with, the continuous conflict between Israel and Palestine may be a big factor in the share price fall. Market experts explain the huge drop in the Sensex and Nifty to increased geopolitical tensions in the Middle East as a result of the war between Israel and the Palestinian militant organisation Hamas, which might cover other Middle Eastern nations as well. The second cause might be an increase in the US treasury, which measures overall lending to the US government. The 10-year US Treasury yield surpassed 5% for the first time in 16 years on Monday, as investors expect rising interest rates.