Today, India's financial market witnessed a sharp decline, with both NSE Nifty 50 and S&P BSE Sensex falling by about 1.65%. This decline has proved to be the worst session in the last two months. This decline has increased concerns among investors, signalling potential risks in the economic situation.
India's benchmark indices NSE NIFTY50 and S&P BSE Sensex fall 1.65%
Key reasons responsible for this decline -
Global economic situation - Concerns of economic slowdown at the global level and rising inflation had a negative impact, leading to a decline in the Indian markets.
Quarterly results - Weak quarterly results of some key products and companies further affected the market performance.
Rising oil prices - Rising crude oil prices at the global level put pressure on energy-dependent sectors, which led to further decline in the market.
Possibility for investors -
However, there is still a possibility of recovery in the market after this decline. Experts believe that if the global and domestic conditions remain stable in the coming days, the market can again come into a strong situation.