Nifty, Sensex Down 1%, All Sectors In Red: Three Reasons Why Market Is Falling
Domestic equities are trading lower on Wednesday, tracking weak global cues, and lingering geopolitical tensions. Benchmark indices are in the negative territory, with selling pressure visible across sectors. Nifty fell as much as 1.41% to 23,151, whereas Sensex fell 1.55% to 73,492.6 intraday. At 1:38 pm, Nifty is down 0.59% at 23,344.4, and Sensex is down 0.67% at 74,150.22.. The pressure comes on the back of gaining crude prices, and volatile IT stocks. All sectors were trading in the red, with losses led by IT, which remained 3.61% down during early trade, followed by Realty, Media, and PSU Bank. The broader market is also facing pressure with the Nifty Smallcap 250 falling almost 0.54%, and the Nifty Midcap 150 dropping about 0.74%. Here's three reasons why markets are crashing on Wednesday: US-Iran War Uncertainty On June 3, US Central Command said U.S. forces defeated multiple Iranian ballistic missiles and drones amid attempted attacks acr...
