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Stock Market Crash: 5 Reasons Why Nifty Dropped 90 Points Today
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CNBC Awaaz•12-10-2026, 10:57
Stock Market Crash: 5 Reasons Why Nifty Dropped 90 Points Today
- •Foreign investors continued heavy selling, pulling out Rs 44,166 crore from Indian equities in October.
- •Brent crude remained expensive at around $103 per barrel, raising import costs and inflation concerns for India.
- •The yield on the 10-year US government bond stayed strong at around 5.24 percent, attracting foreign capital away from Indian stocks.
- •Weakness in large-cap stocks like Tech Mahindra, Axis Bank, SBI, and Bharti Airtel dragged down the Nifty index.
- •South Korea's Kospi fell by about 1.3 percent and Asian markets offered mixed cues, reducing investor confidence.
Key Questions Answered
Foreign investors have pulled out Rs 44,166 crore from Indian equities during October, contributing to downward pressure on share prices and making it difficult for the market rally to sustain.
The yield on the 10-year US government bond stands at around 5.24%. Better returns on US bonds increase the pressure for foreign investors to pull their money out of Indian stocks.
In early trade, Tech Mahindra fell by about 4.5% while Axis Bank, SBI, and Bharti Airtel also traded lower. The decline of these major Nifty constituents negatively impacted the overall index.
