Sensex crashes 700 points, Nifty drops to 24,750; why is Indian stock market falling today? EXPLAINED
Key indices of the Indian stock market saw significant losses in intraday trade on Tuesday, May 20, amid mixed global cues. The Sensex fell nearly 700 points, while the Nifty 50 touched 24,750 on the downside in intraday trade. The selloff was broad-based as the mid and small-cap segments fell up to a per cent during the session.
Here are the five key reasons behind the downtrend in the Indian stock market:
Optimism about a potential trade deal between the US and India is fading. Investors are now seeking clarity on the negotiations, especially after China and the UK have successfully secured agreements with Washington.
Experts say the domestic market may remain rangebound until there is significant clarity about the trade deal.
"The US is currently undertaking multiple trade/tariff-level negotiations with various countries, including India. Till we get clarity on the results of those negotiations, markets are likely to remain rangebound," Mohit Khanna, CFP, Fund Manager, Purnartha One Strategy, told Mint.
According to a Bloomberg report, "India is discussing a US trade deal structured in three tranches and expects to reach an interim agreement before July."
(This is a developing story. Please check back for fresh updates.)
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Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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