Sensex - Extending their last week downslide, the benchmark BSE Sensex dips below the psychological 25,000-mark and the NSE Nifty cracked the 7,600 level in early trade Monday.
Markets have witnessed just a day of gains straddled by eight days of oversold position. Last week both the benchmark indices -- BSE Sensex and NSE Nifty -- ended with losses of over 2 percent due to intense selling pressure.
Here are the 6 key reasons why Sensex is witnessing sustained downslide:
1. Lingering uncertainty over the passage of GST Bill in the ongoing winter session of Parliament.
1. Lingering uncertainty over the passage of GST Bill in the ongoing winter session of Parliament.
2. Sustained selling by participants amid a weak trend in other global markets ahead of the US Federal Reserve's hotly-anticipated meeting this week which probably will hike interest rates. Also Watch:
3. Global oil prices continued to retreat to multi-year lows, dampened the trading sentiments further.
4. Continuous fall in rupee also added to selling pressure: The rupee again fell past the 67-mark against the dollar in early trade on Monday at the Interbank Foreign Exchange, mainly on strong demand for the American unit from importers and some banks.
4. Continuous fall in rupee also added to selling pressure: The rupee again fell past the 67-mark against the dollar in early trade on Monday at the Interbank Foreign Exchange, mainly on strong demand for the American unit from importers and some banks.
5. China's economic crisis
6. Poor Q2 earnings
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