Why Indian Stock Market Crashed Today on 13th March: Here are some Glimpses

The Indian stock market experienced a significant downturn on March 13, 2024. Here are some key factors that contributed to the crash:

Excessive Valuations: There was a correction in the midcap and smallcap segments due to excessive liquidity that had driven up stock prices, often beyond their justified values based on earnings.

Sectoral Decline: All sectoral indices ended in the red, with realty, media, PSU bank, telecom, power, oil & gas, and metals sectors witnessing over 5% declines.

Heavyweights' Impact: Major stocks like Reliance Industries and NTPC saw sharp cuts, which added to the market's woes.

Global Factors: Mixed performances in Asian markets and concerns over hot inflation in the US reduced the probability of an early rate cut by the Federal Reserve, affecting investor sentiment globally.

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It's important to note that market movements are influenced by a complex interplay of various factors, and the above points provide a snapshot of the prevailing issues on that particular day.

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