Why the Indian stock market is falling?

Indian stock market benchmarks, the Sensex and the Nifty 50 crashed up to 3 per cent in early trade on Monday, August 5, mirroring the global trend after the US recession fears mounted and rising tensions in the Middle East kept investors on edge. An across-the-board selloff hit the Sensex hard. The Sensex opened at 78,588.19 against its previous close of 80,981.95 and soon crashed 3 per cent to the level of 78,580.46. On the other hand, the Nifty 50 opened at 24,302.85 against its previous close of 24,717.70 and dropped over 2 per cent to the level of 24,192.50. Around 9:45 am, the BSE Sensex was 1.90 per cent down at 79,442, while the Nifty 50 was 2 per cent down at 24,232. The BSE Midcap and Smallcap indices were down over 2 per cent each at that time. The overall market capitalisation of the firms listed on the BSE dropped to nearly ₹447 lakh crore from nearly ₹457 lakh crore in the previous session, making investors lose nearly ₹10 lakh crore within an hour of the trade. #indianstockmarket #sharemarket #stockmarket #sensex #nifty50 #sharemarketnews #stockmarketindia