Top Major 5 Reasons For Sensex Crashed

The BSE Sensex crashing nearly 15% since last 30 days as the deadly corona-virus continued its legs to spread, raising fears of a global economic slowdown.

The broader NSE Nifty also plunged sharply and plummeted around 12% from last 30 days. Major laggards in the BSE pack include ONGC , Reliance Industries,Tata Steel and TCS with their stocks falling as much as 16.55 per cent.
Here are top reasons behind the plunge:

1: CORONA-VIRUS: The virus outvbreaks has now infected over 110000 people worldwide, as per record 3411 lives and disrupting business supply chains.

A sell off triggered by the economy fallout of the virus outbreak has wiped 12% Nifty in past 30 days.

2: YES BANK CRISIS; Investor sentiments also turned weak amid the ongoing crises at private lender Yes Bank.The Enforcement Directorate (ED) , central agency , arrested Yes Bank founder Rana Kapoor on Sunday

3: PLUNGE IN OIL PRICES: Oil prices plummeted around 30% after Saudi Arabia slashed its official selling prices and sets plans for a dramatic increase in crude production next month,starting a price war even as spread of the corona-virus eroded global demand growth.

4: FII OUTFLOWS: ON a net basis ,foreign institutional inventors sold equities worth RS 3,594.84 crore,while domestic institutional investors bought share worth Rs 2,543.78 crore on Friday, as per data showed.