Share Market Crash: Today on December 9, a huge decline is being seen in the stock market for the second consecutive day. At 9:40 am on Tuesday, the Sensex is trading at 84,458, slipping 640 points. Nifty has also fallen by around 200 points and is trading near 25,770. Talking about sectoral indices, selling is being seen in all sectors. Nifty Auto, Media, Metal, IT sectors have slipped more than 1 percent.
A decline of more than 0.50 percent is being seen in Pharma, PSU Bank, Private Bank, Consumer Durables and Healthcare sectors. Talking about the broader market, Nifty Midcap and Nifty Smallcap have fallen by 1 percent. There are 5 important reasons behind this decline.
The market fell due to these 5 reasons
The first reason is that the rupee is still under pressure and remains close to 90 before the US Fed’s interest rate decision. In such a situation, there is pressure on the Indian stock market also. RBI is keeping an eye on the weakness of the rupee.
Another reason behind the huge fall in the stock market is that there is uncertainty regarding the trade deal with America.
The third reason for the decline in the market is that foreign investors are continuously withdrawing money. On Monday, foreign investors sold shares worth Rs 655.59 crore from the Indian stock market, this figure is still provisional. So far in the month of December, they have sold a total of more than Rs 11,059 crore, due to which the pressure on the market is continuously increasing and the share prices are falling.
Apart from this, the fourth reason is that on Monday in the White House, President Donald Trump has announced to impose additional tariff on rice coming from India. Trump announced $12 billion in aid for American farmers and got angry over farmers’ complaints that countries like India were dumping cheap rice into America, causing prices for rice producers there to fall.
The fifth reason is that the Federal Reserve is going to cut interest rates on Wednesday, but America’s big banks are expecting less cuts in 2026 because the American economy remains strong, hence there is instability among the people regarding Fed cut.
Fall in these stocks
Nifty losers include shares of M&M, Hindalco, Tata Motors PV. Their stocks have slipped by around 1.50 percent. Whereas, among Nifty top gainers. An increase of 4.13 percent is being seen in India VIX. Defense sector shares and capital market shares are under pressure today. Both the indices have weakened by 2 to 2.50 percent. Cochin Shipyard has fallen by 3 percent. Zain Technologies, Mazagon Dock and Data Patterns are also down more than 2 percent. Not only this, the shares of L&T Foods and Kohinoor Foods have fallen heavily today, by more than seven percent this morning itself, and the reason behind this is US President Donald Trump’s preparation to impose a new tariff on rice coming from India. Apart from this, a decline is also being seen in all auto stocks and FMCG shares.
