Indian Stock Market Decline: Key Reasons
The Indian stock market continued its decline for the third session, with Nifty 50 falling below 25,000 and BSE Sensex dropping over 1,250 points in three days. Key Reasons Behind the Fall: 1. US Fed Meeting Uncertainty: Investors are cautious ahead of the upcoming US Federal Reserve meeting, where a 25 bps interest rate cut is expected. This uncertainty has led to reduced risk-taking. 2. Overbought Market: After a 14-day rally, the Indian market was overbought, leading to profit-booking and a market correction.