Why the Stock Market Fell Today: Sensex Ends 644 Points Lower, Nifty Slips Below 24,650 — 4 Key Reasons Behind the Decline

Indian stock markets closed sharply lower on Thursday, with the Sensex falling 644 points and the Nifty losing 204 points to end below the 24,650 mark. The decline was driven by weakness in heavyweight stocks like Reliance Industries, along with pressure on auto and IT sectors. Here are four key reasons behind the market downturn:

Drag: Shares of Reliance Industries, a major index contributor, declined, weighing heavily on overall market sentiment. Sectoral Weakness: Auto and IT stocks saw significant selling, adding to the pressure on benchmarks. Negative Global Cues: Rising concerns over U.S. fiscal stability and surging Treasury yields rattled investor confidence globally. Moody’s Downgrade & Bond Woes: Moody’s downgrade of U.S. credit outlook and weak demand for U.S. bonds spurred risk-off sentiment in global markets, impacting Indian equities as well.