Sensex falls 900 points today due to a combination of factors: escalating geopolitical tensions, foreign institutional investor (FII) sell-offs, and a weakening Indian rupee. These elements have collectively dampened investor sentiment, leading to a significant market downturn

In today’s breaking news, the Indian stock markets witnessed a steep fall, with the BSE Sensex dropping over 900 points and the Nifty50 slipping below 24,700. Investors woke up to red screens as global jitters, profit booking, and domestic concerns triggered a widespread selloff. This drop has now become one of the most talked-about developments in top 10 news today and across all major financial news platforms.

Global Weakness: Moody’s US Credit Downgrade Shakes Confidence(Sensex falls 900 points)

One of the main drivers behind the market crash was the Moody’s downgrade of the US credit rating, which rattled global investors. This downgrade signaled fiscal uncertainty in the world’s largest economy, which in turn caused weakness in US stock futures.

When Wall Street sneezes, global markets catch a cold—and today, India was no exception. As US Treasury yields rose and risk appetite fell, emerging markets like India took a hit. The ripple effect was felt across Asia, and by mid-morning, Indian markets were deep in the red.

COVID-19 Resurgence: Rising Cases Across Asia Worry Investors

Another factor weighing on sentiment was the recent surge in COVID-19 cases in several Asian countries. India reported a moderate rise, while places like Singapore and Hong Kong saw infections increase sharply, linked to new sub-variants like LF.7 and NB.1.8.

Though the numbers remain manageable, investors are wary of renewed restrictions or slower economic growth especially in trade-dependent economies. This health scare added more fuel to today’s selloff and featured prominently in the latest news headlines across Asia.

Delay in India-US Trade Deal: Another Blow to Market Sentiment

Adding to the chaos, ongoing discussions about the India-US trade deal failed to deliver a breakthrough. Despite Commerce Minister Piyush Goyal’s presence in the US for talks, no concrete announcement has been made.

With investors already cautious, this delay further impacted sentiment. Analysts say that a successful deal could act as a catalyst for a market rebound, but the wait continues. This news was widely covered in trending news reports today.

Sectoral Damage: Broad-Based Selloff Spares Few

The market weakness wasn’t limited to one or two sectors. Auto, FMCG, realty, pharma, and banking stocks were among the hardest hit. Stocks like Hero MotoCorp, Cipla, and Maruti Suzuki saw declines of over 2–3%.

Only IT and metal sectors managed to stay afloat, supported by positive data out of China, where the central bank cut interest rates to support its economy.

Technical View: Nifty & Sensex Key Levels

According to technical experts, the Nifty breaking below 24,700 indicates bearish sentiment. If the index doesn’t recover this level soon, it could test 24,300 in the coming sessions.