Here are the Main Reasons why the Indian Markets are Tanking Today

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Here are the Main Reasons why the Indian Markets are Tanking Today
Credit: © Reuters.

By Puneet Sikka

Investing.com -- Nifty is down almost 1% today with Nifty Realty and Nifty IT indices plunging by 3.0% and 2.25% respectively. Here are some of the reasons why this is happening:

1) Lower Asian markets: Asian markets opened lower today due to the risks of the US government shutdown and China's energy crisis threatening to disrupt global supply chains.

2) Higher oil prices: Crude oil prices have jumped to more than $76 per barrel which are stoking inflation fears across the world. India is especially sensitive to oil prices changes as it is a net importer of oil.

3) Profit booking: Equity prices across the world are elevated now, with Nifty and BSE Sensex recently making all-time highs. Investors are looking to book some profits at these levels.

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  • Dhananjay singh @Dhananjay singh
    Tomorrow is a bull rally enjoy thank me later🙏
    Like 3
    • Harshal Orawala @Harshal Orawala
      Gap down
      Like 0
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  • Viji sivam @Viji sivam
    WE CAN SEE BSE 13600 VERY SOON. SURE......
    Like 0
    • nuruddin fumakia @nuruddin fumakia
      arey bab re 🤔 are you sure bse 60000 se 13600
      Like 1
    • DOSHI dos @DOSHI dos
      @Viji sivam 🤣🤣 are you drunk ?
      Like 3
    • Narendra Rustagi @Narendra Rustagi
      short sellers expect market to go down
      Like 1
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  • Md sohel sardar @Md sohel sardar
    Sohel Sharba
    Like 0
  • Vijay Kotwal @Vijay Kotwal
    Sikka & Anant, s report are always below mark, it better Investing. Com must dump them.
    Like 1
  • Sudipto Roy @Sudipto Roy
    Singapore and Nikkei were very marginally down and Hang Seng or Shanghai were actually up. Check these before filing such a meaningless report.
    Like 8
  • Arun Muthuvijayan @Arun Muthuvijayan
    Now the question is will the fall continue?
    Like 0
    • satyabrata nayak @satyabrata nayak
      still bond yields increasing...
      Like 1
    • Jayesh Nirgude @Jayesh Nirgude
      no way...
      Like 0
    • Mighty Moustache @Mighty Moustache
      @Arun Muthuvijayan it could fall till 16717 max.... Then bounce. There is a gap to be filled at those levels on the chart of Nifty50. Thank me later
      Like 0
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  • V P Singh @V P Singh
    is this necessary to write these articles daily with forced/ fabricated reasons.🤔
    Like 9
    • Sandeep Manchanda @Sandeep Manchanda
      is it necessary to comment every article?
      Like 3
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  • KIRIT TRIVEDI @KIRIT TRIVEDI
    There r hundred excuses/reasons to give why mrkt down. Traders r well aware that deep will come any time that's why who prepared, r not in loss.
    Like 10
  • dilip kumar @dilip kumar
    This is how markets work.
    Like 4
  • Kulwant Singh Dhanoa @Kulwant Singh Dhanoa
    Those who had eaten the trader they give reason just to make them feel comfortable a bit so that they may not leave the market as who they will loot thereafter
    Like 3
    • AJAY KAUL @AJAY KAUL
      Like 0
    • GP GPL @GP GPL
      why so pessimistic bro
      Like 1
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  • Ajay Uppal @Ajay Uppal
    Reason is when people sell Mkt falls.
    Like 6
  • satyabrata nayak @satyabrata nayak
    all this big player game.....
    Like 2
  • cash cash @cash cash
    why people find reasons ?
    Like 2
  • Ganeshr Shankar @Ganeshr Shankar
    after market hours anything can say
    Like 2

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