Indian The decline in the stock market in the end of September last year continues. Two major index Sensex and Nifty 50 of the stock market have come down by about 14-15 percent from their lifetime high. Experts believe that the Nifty has reached close to its support level 22,800 and recovery can begin in the market. However, he also says that if the Nifty goes down from its support level, then it can also reach 22,000 by falling again. There are many major reasons behind the ongoing decline in the Indian market, let us know.
1. Selling of foreign investors
The biggest reason for the decline in the Indian market is the selling by foreign investors. Foreign investors have been withdrawing money by selling shares from the Indian market since the end of September last year, due to which the market is undergoing non-stop fall.
2. Deepseek
In the AI sector, China has given a big blow to America. Chinese AI Deepsek has created a furore in the entire US IT industry and has the worst impact on the NASDAQ. The Indian market also did not remain untouched. Deepsek’s R1 is in discussions about its price. Where O1 of OPEN AI on one side is priced at $ 15 per million input tokens and $ 60 per million output token. On the other hand, Deepsek R1 is priced at $ 0.55 per million input tokens and $ 2.19 per million output token.
3. Rupee vs Dollar
The Indian market is also seeing a huge decline due to the continuous rise in the US dollar as compared to the Indian rupee.
4. Sluggish results of companies
In the Indian stock market, all the companies are presenting the results of the third quarter of the current financial year. However, the kind of results that were expected from companies are not visible at all.
5. The fear of budget
Stock market investors are quite confused about the budget. Investors do not want to take any kind of risk regarding the government’s announcements in the budget and in such a situation they are coming out by booking profit.
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