Sensex slips nearly 500 points, Nifty ends near 24,150: 7 reasons behind market decline

Sensex, Nifty Today: Indian equity benchmarks extended their losing run on Tuesday as a sharp rise in crude oil prices and renewed West Asia tensions weighed on sentiment. The Nifty closed lower for the sixth straight session at 24,154.90, while the Sensex ended nearly 500 points down at 77,235.46. Most sectoral indices finished lower, with Pharma and Oil & Gas bucking the trend. Midcap and Smallcap stocks also ended on a weaker note. 7 factors driving the market decline 1. Crude oil spike: Brent crude moved above $91 a barrel as concerns over Iran-US tensions intensified, raising fears of possible disruptions to global energy supplies. 2. Unfavourable global cues: Asian markets remained under pressure, while US equities also closed lower in the previous session, keeping investors cautious. 3. FII outflows: Foreign institutional investors sold equities worth ₹2,535.10 crore on Monday, their highest daily outflow in three weeks, adding to domestic market pressure. 4. Rising US bond yields: The US 10-year Treasury yield climbed to around 4.73%, potentially making US fixed-income assets more attractive compared with emerging-market investments. 5. Geopolitical uncertainty: Escalating tensions in West Asia and fading prospects of a fresh Iran-US agreement increased risk aversion across markets. 6. Broad-based selling: Weakness spread across most sectoral indices, indicating subdued investor participation and limited buying support. 7. Defensive investor stance: Elevated oil prices, foreign selling, global market weakness and geopolitical concerns combined to keep investors cautious, extending the benchmark indices’ decline. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.