Share Market Crash: The Indian stock market is witnessing a sharp decline in the last trading session of the week. Despite the market opening with a boom in the morning, the Sensex fell by 850 points due to heavy selling by investors during the day's trade. The Sensex is again trading below the 79000 mark. The National Stock Exchange's Nifty is also trading at 23,712 points with a decline of 241 points. Due to this decline in the market, the market capitalization of BSE has come down to Rs 445.05 lakh crore, which was Rs 449.76 lakh crore in the last session. 

IT-Bank stocks spoiled the mood

Out of 4027 stocks traded on BSE, 1294 stocks are trading with gains while 2609 stocks are down. There is no change in 124 stocks. 228 stocks are in lower circuit and 278 are in upper circuit. Out of 30 stocks of Sensex, 25 are trading with gains and 5 with losses. Among the stocks in gains, Asian Paints is trading with gains of 0.22%, Titan is trading with gains of 0.12%, Maruti is trading with gains of 0.02%. Whereas Tech Mahindra is trading with losses of 3.03%, Axis Bank is trading with losses of 2.95%, IndusInd Bank is trading with losses of 2.72%, Mahindra & Mahindra is trading with losses of 2.48%, TCS is trading with losses of 2.28%, Tata Motors is trading with losses of 1.81%, UltraTech Cement is trading with losses of 1.80%, SBI is trading with losses of 1.75%. 

Sharp decline in midcap and smallcap stocks

In today's trading, a sharp decline is being seen in IT stocks. They were trading with gains in the morning. Due to selling in these stocks, the Nifty IT index is trading with a decline of 1030 points. There is also a slowdown in banking, auto, pharma, FMCG, metals, media, real estate, energy, consumer durables and oil and gas stocks. Heavy selling is also being seen in midcap and smallcap stocks. The Nifty midcap index is trading down by 1200 points and the Nifty smallcap index is trading down by 313 points.  

The market is falling due to these reasons

There is uneasiness in the Indian markets since the Fed Reserve's outlook on interest rates in 2025. Along with this, the growing trade deficit and weakness in the rupee against the dollar among domestic reasons have spoiled the market mood.