Why Stock Market is Down Today | 2 Major Reasons

Most frequently Asked question from investors is: Why stock market is down today?

While the Indian stock market did experience a decline on Friday, May 3rd, 2024, today, Monday, May 6th, 2024, the markets are reported to be trading flat.

There were a couple of reasons contributing to the decline on Friday, which are the main reasons Why Stock Market is Down Today:

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Major Reasons Why Stock Market is Down Today

  • Profit booking: After reaching record highs, some investors decided to sell their shares to lock in profits, leading to a decrease in overall market value.
  • PSU bank selloff: The Reserve Bank of India’s proposed stricter guidelines for project financing impacted Public Sector Undertaking (PSU) banks, leading to a significant drop in their share prices.

Also Check: How To Analyse Undervalued Banking Stocks |Fundamental Analysis of Bank Stocks

It’s important to note that stock markets are dynamic and influenced by various factors. You can find live updates and analysis of the Indian stock market at my Youtube Channel.

DISCLAIMER: All the views shared in this video are my personal opinion and are only for learning and education. I’m not SEBI registered. The share market is subject to Market Risk.

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Hey, I'm Soniya Luthra (founder of financefundaa.com), a Chartered Accountant and seasoned stock market expert with extensive experience in trading and fundamental analysis. As an active participant in the market, I'm passionate about using my expertise to provide clear, actionable insights and guidance, helping readers make informed financial decisions.

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