Why Did Indian stock market crash today?

Anisha Mehra

North News
Chandigarh, October 3

The Indian stock market witnessed a sharp decline as the Sensex plunged over 1,000 points, while the Nifty opened below 25,550. “This drop was primarily driven by weak global cues, particularly due to the Iran-Israel conflict and foreign institutional investor (FII) selling,” the news outlet Money Control reported. The market’s fall was also influenced by the Securities and Exchange Board of India’s (SEBI) new futures and options (F&O) rules, which experts believe could enhance market resilience but pose certain challenges, according to the news outlet.

In addition to these factors, crude oil prices surged amid tensions in the Middle East. Brent crude futures traded 0.87% higher, reaching $74.54 per barrel. The combination of geopolitical instability and regulatory changes contributed significantly to the downward trend in the Indian stock market, the news outlet suggested.