Sensex Nifty Fall: The Indian stock market is currently going through a very difficult phase. The impact of the chaos that was created in the stock market on Monday was also clearly seen on Tuesday. The market sold off so much that the Sensex-Nifty hit a 6-month low. As soon as the market opened in the morning, the Sensex fell by over 600 points. Nifty was also in bad shape. The disappointment can be clearly seen on the faces of the investors. The market has been under constant pressure for the past few days. There are many big global reasons behind this massive decline, which is not allowing the market to grow at the moment. Market experts believe that this situation may continue for a few more days.

Market near 6-month low

The Sensex closed over 1100 points lower at 72,771 on Monday. The situation did not improve at all when trading started on Tuesday morning. The Sensex fell 629 points to 72,147 at around 9:50 am. This was a huge drop of 0.86 percent from the previous day, pushing the market very close to its 6-month low. The National Stock Exchange’s Nifty was also not untouched by it. Nifty is trading at 22,600 after falling 177 points.

Expensive crude oil is spooking the market

Crude oil is proving to be the biggest villain behind this entire decline. Brent crude rose 1.34 percent to $106.7 a barrel. India is the third largest oil importing country in the world. In such a situation, the increase in the price of crude oil is a direct danger bell for our economy. Because of this, there is a fear of rising inflation in the market. Due to the increase in oil price, the profit of the companies decreases. Along with this, the increase in the American Treasury yield has also completely spoiled the mood of the global market.

Foreign investors withdrew their money

The main reason for panic in the market is the attitude of foreign institutional investors (FIIs). On Monday, he spent around Rs. 53.53 billion (about $558 million) worth of shares sold. This is their biggest sale in the last four weeks. Foreign investors are withdrawing their money and investing in safe places. Ajit Mishra, Senior Vice President, Religare Broking, also says that pressure on the market has increased due to global macroeconomic concerns. However, it is a relief that domestic institutional investors (DIIs) tried to control the market. He paid Rs. 51.89 billion shares were bought, but this money was not enough to stop the market decline.

Keep an eye on Adani Tata shares

Amid this heavy sell-off, all eyes are on the stocks of certain companies. There is good news for Adani Group on Tuesday. Market regulator Sebi has ended the ongoing probe against four companies, including group chairman Gautam Adani. The matter was related to the 25 percent minimum public shareholding. SEBI has imposed a penalty of Rs 20 lakh each on only two people for providing false information. On the other hand, Tata Group is also in discussion. To avoid listing under Reserve Bank of India rules, Tata Trusts is planning to merge its two companies with Tata Sons. This news has also created a huge stir in Tata Group stocks.