Why Are Stock Markets Falling Today? Sensex Tanks Over 900 Points

Equity benchmark indices declined after hitting their fresh record high levels in early trade on Wednesday, with the Sensex dropping over 900 points, dragged by M&M and IT stocks along with largely weak global market trends.

The 30-share BSE Sensex climbed 129.72 points to hit a new all-time high of 80,481.36 during the opening trade. But, soon the benchmark retreated and tumbled 915.88 points to 79,435.76 during the late morning trade.

The NSE Nifty also hit its fresh lifetime high of 24,461.05 in opening deals but slumped all gains and declined 291.4 points to 24,141.80.