Mumbai
The start of the week was not good for the stock market. On Monday, there was a strong decline in the Sensex-Nifty, which has deepened the concerns of the investors. The Sensex fell 572 points to 80,891, while the Nifty also fell 156 points to close at 24,680. In only three trading sessions, the assets of investors worth more than Rs 13 lakh crore have been destroyed. Many domestic and global factors are responsible for the heavy decline in the market. Let’s know the 5 major reasons that shook the market.
Selling of foreign investors
On Friday, FII sold a huge selling of ₹ 1,980 crore. The figure reached ₹ 13,552 crore in the last week. Experts say that this continuous selling has reduced the market.
Kotak Mahindra Bank’s weak performance
The bank’s stock declined by about 7%. In Q1Fy26, the company’s net profit was ₹ 4,472 crore, which was ₹ 7,448 crore in the same quarter last year. However, the previous profit of the previous time included a one -time income of ₹ 3,000 crore from the sale of General Insurance Unit. Also, the bank has also obeyed weakness in its retail commercial vehicle portfolio.
Weak global signal
Asian markets also had a decline atmosphere. Japan’s Nikkei, Korea’s Kospi and China’s Shanghai Composite Index closed in red mark. This directly affected the perception of domestic investors.
