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Indian stock market index
The BSE SENSEX is an Indian free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 constituent companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. Published since 1 January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India. The base value of the SENSEX was taken as 100 on 1 April 1979 and its base year as 1978–79.
More on Wikipedia ↗Indian stock market index
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE). Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE. The Nifty 50 index was launched on 22 April 1996 with a base date of 3 November 1995 and with 1,000 as its base value.
More on Wikipedia ↗Stock Market Crash Today: On September 30 alone, FIIs sold Indian stocks worth over Rs 10,000 crore. One major trigger is the rise in US bond yields.
Stock market Crash Reason: The Indian stock market endured a notable downturn, with both Sensex and Nifty witnessing considerable drops. In a single day, Foreign Institutional Investors offloaded equities worth more than Rs 10,000 crore. The climb in bond yields added to negative investor sentiment, exacerbating…
Foreign institutional investors pulled out over Rs 20,000 crore from Indian equities in two trading sessions as the Nifty and Sensex head for an eighth straight weekly decline. Elevated crude prices, high US bond yields and rate concerns have weighed on sentiment, while analysts differ on the outlook for foreign…