Indian shares decline on oil spike, Asia selloff | Why is market crashing today? Sensex plunges 6…


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Why is market crashing today? Sensex plunges 650 points, Nifty below 23,150. 7 factors behind selloff

Indian equity markets experienced a significant sell-off on Monday, with the Sensex and Nifty tumbling over 1% each. This decline was driven by a steep fall in global markets, continued foreign institutional investor outflows, and escalating Middle East tensions, pushing crude oil prices higher and raising concerns about US interest rates.

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Stock Market Outlook: Inflation Data, Oil Prices and US-Iran Tensions in Focus

The stock market this week will track simmering tensions in West Asia, its impact on crude oil prices, and trading activity of foreign investors, analysts said.

The trading week may begin on a cautious note following a sharp decline in the US markets over the weekend, an expert said.

Besides, the progress of the monsoon and the inflation data announcement will also be important factors to watch out for.

“This week will be driven by key inflation and global macroeconomic data releases. In India, investors will closely track inflation data for May, scheduled for release on June 12, along with foreign exchange reserves data on the same day.

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