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Why stock market is falling today? Know reason behind sensex, nifty trading with deep cuts on May 22
Stock Market Crash
Why Is Market Falling Today: Domestic stock markets opened sharply lower on Wednesday, with benchmark indices plunging amid weak global cues and growing concerns over the US economy. The sharp sell-off erased the previous session’s gains, signaling renewed investor caution.
By 9:34 am, the BSE Sensex had tumbled 850.70 points to 80,745.93, while the NSE Nifty50 dropped 262.15 points to 24,551.30. The heightened market volatility weighed heavily on broader indices, exerting significant pressure on both small- and mid-cap stocks.
Shares of Reliance Industries led the losses, falling 1.5% to Rs 1,406 on the BSE. Among sectoral indices, Nifty Auto, FMCG, IT, Pharma, Consumer Durables, and Oil & Gas declined between 1% and 1.5%.
Nifty Bank and Financials also slipped up to 0.7%. In the broader market, the Nifty Midcap was down 0.5%, while the Nifty Smallcap edged 0.2% lower.
The total market capitalisation of all listed companies on the BSE fell by Rs 2.6 lakh crore.
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