{"id":4109,"date":"2024-03-19T10:10:28","date_gmt":"2024-03-19T10:10:28","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/19\/stock-market-crash-today-bse-sensex-plunges-over-800-points-nifty50-dips-below-21800-top-5-reasons-why-bears-attacked-times-of-india\/"},"modified":"2024-03-19T10:10:28","modified_gmt":"2024-03-19T10:10:28","slug":"stock-market-crash-today-bse-sensex-plunges-over-800-points-nifty50-dips-below-21800-top-5-reasons-why-bears-attacked-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/19\/stock-market-crash-today-bse-sensex-plunges-over-800-points-nifty50-dips-below-21800-top-5-reasons-why-bears-attacked-times-of-india\/","title":{"rendered":"Stock market crash today: BSE Sensex plunges over 800 points; Nifty50 dips below 21,800 &#8211; top 5 reasons why bears attacked &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-108604917,imgsize-154506.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Stock market crash today: BSE Sensex plunges over 800 points; Nifty50 dips below 21,800 &#8211; top 5 reasons why bears attacked &#8211; Times of India\" title=\"Stock market crash today: BSE Sensex plunges over 800 points; Nifty50 dips below 21,800 &#8211; top 5 reasons why bears attacked &#8211; Times of India\" \/><\/div>\n<div>Stock market crash today<!-- -->: <!-- -->BSE Sensex<!-- --> and <!-- -->Nifty50<!-- -->, the Indian equity benchmark indices, tanked in trade on Tuesday on weak signals from Asian markets, coupled with a decline in <!-- -->IT stocks<!-- -->. Indian stock market faced a sharp decline on Tuesday, driven by major companies like <!-- -->TCS<!-- -->, Reliance Industries, and Infosys. This trend mirrored the drop in Asian markets ahead of the upcoming US Federal Reserve policy decision.<br \/>BSE Sensex plummeted by over 800 points, dipping below the 72,000 mark, while the Nifty tested the 21,800 level. The total market capitalisation of BSE-listed companies fell by Rs 3.71 lakh crore to Rs 375.08 lakh crore, according to an ET report.<br \/>At 3:24 PM, BSE Sensex was trading at 71,991.73, down over 750 points or 1.04%. Nifty50 was at 21,808.25, down over 240 points or 1.12%<\/p>\n<p><h2>Why BSE Sensex, Nifty50 crashed today<\/h2>\n<\/p>\n<p><span class=\"em \">The key reasons behind the sell-off on <\/span><span class=\"em \">Dalal Street<\/span><span class=\"em \"> today are as follows:<\/span><br \/>1. Asian stock markets, particularly in Hong Kong and South Korea, witnessed losses, affecting the overall sentiment. The Nikkei share average in Japan fluctuated after the Bank of Japan&#8217;s anticipated announcement of the end of its stimulus programmes.<br \/>2. In the IT sector, TCS led the decline on the BSE Sensex with a 3% drop, accompanied by significant trading volume. Other IT giants like HCL Tech, Wipro, and Infosys also saw cuts, contributing to the sector&#8217;s 2% overall decline.<br \/>3. Foreign investors continued to sell Indian shares, with a net worth of Rs 2,051 crore on Monday. <br \/>4. Oil prices decreased marginally on Tuesday following recent gains, influenced by factors such as potential supply increases from Russia and subdued demand in sectors like jet fuel. Despite the decrease, Brent crude remained above $86 per barrel.<br \/>5. Technical indicators for Nifty pointed towards a bearish trend, with concerns over breaching strong support levels. Senior Technical Analyst Nagaraj Shetti from HDFC Securities highlighted the potential for further weakness in the near term.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Tuesday on weak signals from Asian markets, coupled with a decline in IT stocks. Indian stock market faced a sharp decline on Tuesday, driven by major companies like TCS, Reliance Industries, and Infosys. This trend mirrored the drop [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-108604917,imgsize-154506.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[146,1608,1604,1600,289,21,1599,7153,7152,273,7151,1602,1597,1606,1607,2452,1605,1601,1595,1594,6179,272,1603,1846],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/4109"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=4109"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/4109\/revisions"}],"predecessor-version":[{"id":4111,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/4109\/revisions\/4111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/4110"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=4109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=4109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=4109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}