Stock market bleeds amid global cues: 4 reasons why Sensex, Nifty are falling
Aug 05, 2024 12:09 PM IST
Stock market crash today: This follows the trend of global markets as US futures were deep in the red with Nasdaq futures down over 2 per cent.
Benchmark indices Nifty and Sensex opened lower today (August 5) extending losses for the second session in a row amid weak global cues and US recession fears. The Sensex was down 1.57 percent at 79,707.96 and Nifty was down 378.00 points or 1.53 percent at 24,339.70. This follows the trend of global markets as US futures were deep in the red with Nasdaq futures down over 2 per cent. The Nasdaq entered correction territory as the index is off 10 per cent from all-time highs. In Asian markets, Nikkei and Topix dropped as much as 7 per cent.
