CNN Central News & Network-ITDC India Epress/ITDC News Bhopal: The Indian stock market witnessed a sharp fall in early trade on Friday, 11 September. The Sensex dropped by nearly 700 points, while the Nifty also slipped by around 1%. Amid the decline, the total market capitalisation of companies listed on the BSE fell by about ₹5 lakh crore.
The main reason for the sell-off is being attributed to rising tensions in West Asia and a sharp jump in crude oil prices. With Brent crude climbing above $108 per barrel, concerns have increased over inflation in India and higher costs for companies. Along with this, a rise in US bond yields and weakness in the rupee also affected investor sentiment.
In early trade, the Sensex reached around 74,194 and the Nifty came near 23,244. Metal, auto and financial stocks faced greater pressure. Selling was also seen in the broader market, with declines deepening in midcap and smallcap shares. According to experts, the market’s direction ahead will depend mainly on crude oil prices, geopolitical developments and the activity of foreign investors.
Hashtags: #BusinessEconomy #Bhopal #Desksource #StockMarket #Sensex #Nifty #DeskSource #StockMarketCrash #5LakhCrore #BrentCrude
