Indian stock market fell due to profit booking, foreign fund outflows, and anticipation of the US Fed meet.
Summary
Indian stock markets experienced a decline on Monday, with Sensex and Nifty falling nearly 1%. This downturn was influenced by profit-taking in small and midcap stocks, foreign fund outflows, and anticipation of the US Federal Reserve's policy decision.
Key Points
- Sensex and Nifty declined by nearly 1% on Monday.
- Investors engaged in profit-taking in small and midcap stocks.
- Foreign fund outflows contributed to the market's cautious mood.
- The US Federal Reserve's policy decision is a key factor influencing market sentiment.
Full Article
Why Market Fell Today: Indian equity markets experienced a significant dip on Monday, with both Sensex and Nifty declining by nearly 1%. Investors cashed in on gains in small and midcap stocks, while foreign fund outflows and anticipation of the US Federal Reserve's policy decision added to the cautious mood. Selling pressure impacted major index components, leading to substantial intraday losses.