Share Market Plunges: Sensex Dips 1,250 Points, Nifty Below 25,400 on 5 Key Reasons

• Indian stock markets saw a sharp decline today, with Sensex falling by 1,250 points and Nifty dropping below 25,400, halting a two-day rally.
• Major factors contributing to the crash include sharp selling in IT stocks due to AI concerns, weakening rupee against the dollar, and weak global cues.
• Rising crude oil prices, which hit $72.13 per barrel, also fueled investor concerns over inflation and trade deficit.
• The market experienced increased volatility due to the weekly expiry of Nifty derivative contracts, leading to significant price movements.
• Technical analysis suggests Nifty struggled to sustain above 25,700, indicating a slowdown in bullish momentum, with a broad range between 25,300 and 25,840.