Indian stock markets saw bloodbath on Thursday morning as bears ran amok on Dalal Street.
Sensex hit an intra-day low of 82,434.02 after plunging over 1,780 points or 2.1 per cent while Nifty struck 25,230.30 after slumping over 540 points or around 2.1 per cent.
Why did stock market crash today?
One of the main reasons for the stock market crash is attributed to the cautious sentiments around the prospects of a full-blown war in the Middle East after Iran fired missles targeting Israel over its killing of Hezbollah chief Hassan Nasrallah and other Iranian proxy groups.
The US stock market saw mixed trends and negative sentiments in Hong Kong market. Shanghai is closed for the week due to holiday.
Another reason is profit-booking following last week's rally as investors are cautious ahead of the assembly elections in Maharashtra and Haryana.
Foreign Institutional Investors (FIIs) have offloaded equities worth Rs 5,579.35 crore on Tuesday, as they prefer lucrative markets in China.
The new Futures & Options (F&O) rules announced by market regulator Sebi aims at discouraging retailing investors from trading in the derivatives segment, lowering the inflow of money into the markets.
