Stock Market Plunge Continues: BSE Sensex Crashes over 500 points

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Stock Market Plunge Continues: BSE Sensex Crashes over 500 points

| Updated: May 9, 2024 11:47

The Indian equity benchmark indice, BSE Sensex crashed further in trade today morning, bringing it below 73000 and Nifty50 also went below 22500 at 10.40 AM today.

Experts have commented that the market behaviour is outcome of the aggressive selling by FIIs, touching to Rs 15863 crores so far this month. Concerns regarding election results might have resulted in DIIs not buying as aggressively, the experts add.

The domestic markets closed on a flat note yesterday, due to continued selling by foreign institutional investors (FIIs). Mixed fourth-quarter results, and uncertainty about the ongoing elections outcome also made investors cautious. Several companies are going to announce their fourth-quarter earnings today. These companies include BPCL, SBI, Asian Paints, and Indian Overseas Bank.

Elsewhere, the Dow Jones Industrial Average continued its winning streak. While the Nasdaq slipped 0.18% and the S&P 500 ended flat.

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