The Sensex is down by 3% today, while the Nifty 50 has dropped by 2% ¹. The Sensex had previously fallen by 1.08% on August 2, 2024, with a value of ₹80,981.95 ².

Why Sensex is falling today?

The Sensex is down by 1,593 points today, which is a 1.59% drop ¹. This decline is largely due to a sell-off in global markets, particularly in Asia-Pacific, where investors are anticipating crucial trade data from China and Taiwan, as well as upcoming central bank decisions from Australia and India ².

Some of the key factors contributing to this decline include:
– Global market trends: A sell-off in global peers, including a 5.77% drop in Japan’s Nikkei 225 and a 2.43% decline in the US Nasdaq Composite ².
– Economic data: Anticipation of crucial trade data from China and Taiwan, as well as upcoming central bank decisions from Australia and India ².
– US jobs report: A weaker-than-expected July jobs report in the US, raising concerns about a potential recession ².

These factors have led to a gap-down start for the Sensex and Nifty, with the GIFT Nifty futures indicating a 322-point lower start ².