Stock Market Crash: These are the 5 reasons due to which the market again fell heavily

News Topical, Digital Desk : Weakness was seen in the stock market on Monday. Sensex fell 600 points from the day's high to 80,884, while Nifty slipped below the crucial level of 24,750 to 24,680. During the day's trading, there was tremendous pressure on big stocks like Kotak Mahindra Bank, Bharat Electronics, Airtel, Titan and Apollo Hospitals. Rs 13 lakh crore has been lost in 3 trading sessions.

Why did the market crash? Know the five big reasons

1. Kotak Mahindra Bank fell by up to 7%
The bank's stock fell by about 7%. The bank's consolidated net profit in Q1FY26 was ₹4,472 crore, while in the same quarter last year it was ₹7,448 crore. However, the last time the profit also included a one-time income of ₹3,000 crore, which came from selling stake in the General Insurance Company. The bank has talked about weakness in the retail commercial vehicle portfolio.

2. FII selling Foreign investors (FIIs) sold ₹1,980 crore on Friday. In the entire last week, FII selling was up to ₹13,552 crore, due to which there is pressure on the market. VK Vijayakumar of Geojit told Moneycontrol that such a huge sell-off is deepening the weakness of the market.

3. Weak Asian cues Japan's Nikkei, Korea's Kospi and China's Shanghai Composite Index—all ended in the red. This also affected the sentiment of domestic investors.

4. Crude prices rose Brent crude rose 0.29% to USD 68.64 per barrel. For an oil importing country like India, the rise in crude oil prices increases both inflation and cost.

5. Huge fall in IT stocks Selling was seen in IT stocks like TCS, Wipro, HCL Tech and Tech Mahindra.???? The news of TCS laying off 2% of its global workforce has further increased the negativity in this sector.

What next? Anand James of Geojit told Moneycontrol that Nifty may get support around 24,450 and 24,000. If Nifty closes above 24,922, then a jump to 25,324 is possible due to short covering. But resistance will remain around 25,000. The market is currently in a weak trend, and it may continue for the next few days. FII selling, global uncertainty and sectoral weakness (such as banks and IT) will keep the market volatile. Investors should remain cautious till the trend breaks while keeping an eye on the support levels.