Sensex, Nifty fall sharply: Key reasons behind the market crash
- • The BSE Sensex plunged nearly 1,000 points intraday on October 19, while the Nifty 50 fell amid heavy selling pressure.
- HDFC Bank, ICICI Bank and Axis Bank dragged markets lower, with banking stocks accounting for a major share of the decline.
- Brent crude prices stayed high at $108-$109 per barrel, raising concerns over India's import bill and inflation risks.
- Foreign investors pulled over ₹52,000 crore from Indian equities in October so far, adding to selling pressure amid a strong dollar.
Source: ndtv.com
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