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Stock market today: Nifty 50, Sensex crash over 1%: 5 factors behind today’s selloff
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Stock market today: Nifty 50, Sensex crash over 1%: 5 factors behind today’s selloff

Today’s stock market: Indian stock market went through another rough day, early optimism quickly faded. Despite a positive start to the session on Tuesday, November 12, the momentum was short-lived as investors quickly resumed their “sell to the upside” strategy. This rapid selling pressure left little room for the indexes to recover, leading to continued weakness throughout the day.

The continued tendency to sell in rallies has kept the markets in a downward spiral, making it difficult to produce any significant rebound. Remarkably, the pressure was not limited to Indian markets – other Asian markets also ended the day with significant losses.

The Nifty 50 continued its downtrend for the fourth consecutive trading session, closing 1.15% lower at 23,863 points. Similarly, the Sensex ended the day in the red, down 1.01% to end at 78,694 points, marking its fourth straight session of losses.

Mid-cap and small-cap stocks faced similar pressure, with the Nifty Midcap 100 index down 1.16% to close at 55,206 points. The Nifty Smallcap 100 index also fell 1.40% to 17,967 points.