5 reasons why Sensex, Nifty declined today; stock market strategy ahead of US elections
Stocks turned jittery on Monday morning amid uncertainty over the US elections, as the Republican Donald Trump was neck-to-neck with Democrat Kamala Harris in the presidential race. A drop in FY25 earnings estimates for India Inc, strong foreign outflows, a record low rupee and a rise in oil prices due to delays in OPEC+ output hike due to geopolitical tensions triggered selling pressure in domestic stocks.
The BSE Sensex fell 869.16 points, or 1.09 per cent, to trade at 78,854.96. The NSE Nifty traded at 24,036.90, down 267.45 points or 1.1 per cent. Reliance Industries Ltd, ICICI Bank Ltd and Infosys Ltd contributed most to the index fall.
“The Indian market is facing headwinds from decelerating earnings growth. Nifty’s FY25 EPS…
