Stock market crash today: Why BSE Sensex, Nifty50 tanked in trade - from FII selloff to HMPV concerns - top reasons

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Times of India 1d ago

Stock market crash today: Why BSE Sensex, Nifty50 tanked in trade - from FII selloff to HMPV concerns - top reasons - Times of India

Quick Summary:

Stock market crash today: BSE Sensex and Nifty50 plummeted on Friday due to widespread selling pressure brought by worries over Q3 earnings, continuous foreign investment outflows, and emerging HMPV infection concerns.

The sell-off can be attributed to a rise in Foreign Institutional Investor (FII) selling and concerns surrounding the upcoming Q3 earnings season.

The situation was further complicated by the emerging HMPV infection concerns, weakening rupee, and poor performance in Asian markets.