Stock Market Plunges After 12 PM: Rupee Weakness, FII Selling, Crude Prices Drive Decline

• Indian stock market saw a sharp decline after 12 PM, with Sensex falling 367 points and Nifty dropping 99.80 points, breaking its 20-DMA.
• Key reasons for the fall include a weakening rupee (89.94 against dollar), aggressive selling by FIIs (₹1,721 crore), and rising crude oil prices.
• Profit booking pressure across major sectors also contributed to the market downturn, with investors avoiding risk towards year-end.
• IT and Auto stocks were hit hardest, while railway stocks (RVNL +12%), metal stocks, and select others like Titan and Dilip Buildcon saw gains.
• Nifty's 26,100 level is crucial, with an "Evening Star" pattern indicating potential further slip, despite a weekly marginal gain for benchmark indices.

Why It Matters: Indian stock market plunged post-noon due to rupee weakness, FII selling, crude surge, and profit booking.