Stock Market: These are the 3 reasons including Pahalgam attack due to which the market fell by 800 points

On Wednesday, the Indian stock markets started strongly, but by afternoon, the sharp fall from the upper level in the market surprised the investors. The BSE's 30-share major index Sensex fell 800 points from the day's highest level, while the Nifty slipped below the important level of 24,150.

These are the 3 reasons that created pressure - Pahalgam terror attack - Experts say that investors were scared by the death of 26 people in the terrorist attack in Pahalgam, Jammu and Kashmir. Prime Minister Modi cut short his Saudi Arabia tour and started monitoring the situation. The market fears that if the situation worsens, there may be capital outflows. Rise in volatility index - a sign of fear - India VIX rose 4.42% to 15.90. The rise in VIX shows that fear and volatility is increasing in the market. Result - Investors became cautious and started profit booking. Rise in crude oil prices - a challenge for India. Brent crude rose 0.67% to $67.89 per barrel. America has imposed new sanctions on Iran. There is a decrease in crude stocks in America. There are signs of Trump's soft stance on the Fed. India imports 85% of oil - Inflation increases due to the cost of oil, the rupee weakens, and the stock market comes under pressure. 

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