Why Share market is down today, Market Crash

Sensex tumbles 3%, costing investors ₹17 lakh crore; here are five reasons why the Indian stock market is currently declining.

Stock market today: As worries about the US recession grew and investors were more uneasy due to escalating tensions in the Middle East, the benchmarks of the Indian stock market, the Sensex and the Nifty 50, fell more than 3% apiece during intraday trade on Monday, August 5. This pattern was mirrored globally.

Current Stock Market: Among the metal companies, Tata Steel, SAIL, Hindustan Zinc, NMDC, Hindalco, and Vedanta were among the worst losers as the Nifty Metal index fell more than 5% on Monday during intraday trading. This is the reason for the metal stocks’ sharp decline.

During Monday’s intraday trading, the Nifty Metal Index fell to lows of 8,797.60, a 5.5% decrease from the previous close of 9,314.55. One of the main causes of the drop in metal stockpiles has been the worries about a worldwide slowdown raising demand concerns.

Throughout Monday’s trading day, a crimson wave surged throughout international markets, continuing the similar image from Friday. Investors fled riskier assets due to fears of a possible U.S. recession, which caused a severe sell-off in shares in both Western and Eastern markets.

Analysts are worried that Israel’s assault against the Palestinians in Gaza, which started last October in response to attacks on the Jewish state, might turn into a larger confrontation involving additional countries, which has further soured investor mood in the Middle East.

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