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5 Reasons Why Indian Markets Are Down

Radiocity
By Radiocity Team
Published Oct 23, 2024

Indian equity market

The Indian equity market has fallen 5.7 percent in the last month, and Nifty is down by 7 percent from an all-time high of 26,277.35.

A correction phase

While the markets take a breather, Ajit Mishra, Senior Vice President of Research at Religare Research, calls this a correction phase. But what`s the reason?

Earnings concerns

Why are markets really falling? One of the reasons is the IT sector`s earnings fell short of expectations. It is a disappointing start, say the experts.

The China factor

China`s attempt to revamp its economy isn`t playing well for the Indian share market. Many global investors are moving there, affecting the national market.

West Asia on fire

The on-going conflict in West Asia between Israel and Iran is also another factor that`s affecting the overall sentiment.

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US Election

The market mood is divided between the implications of democratic and Republican win with investors being on the edge of the upcoming US presidential elections.

Dollar strength

The dollar`s strength is riding on expectations that the US Federal Reserve will take a sensible approach to easing its policy.

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