BSE Sensex fell by 800 points today due to a number of factors, including the Israel-Hamas conflict

The BSE Sensex dropped by than 800 points on Thursday, slipping below the 64,000 point threshold. Amidst widespread selling in the markets, the Sensex is down 832 points at 63,216 points in early trading.

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M&M is down 3%, Bajaj Finance is down 2.8 %, Tech Mahindra is down 2.8 %, Nestle is down 2.4 %, Bajaj Finserv is down 2.4 %, and Asian Paints is down 2.1 % among the major losers.

According to V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, geopolitics and economics are working together to cause a risk-off in the world's equities markets.

Markets are still facing significant challenges due to the Israel-Hamas conflict. When the world economy is already experiencing a downturn, an ongoing dispute could also have an effect on global growth.

Benchmarks the Nifty 50 and the Sensex are down almost 5% in the last six sessions of losses. Investors have lost around Rs.17.5 lakh crore in six sessions as a result of the aggregate market capitalization of the companies listed on the BSE falling to approximately Rs. 306.3 lakh crore from Rs.323.8 lakh crore on Tuesday, October 17. Traders lost about Rs.3 lakh crore on Thursday alone.

The market is being held down by a number of factors. Concerns about inflation, rising interest rates, and the potential for a recession continue, but the Israel-Hamas war is also making things more unpredictable.

In addition, because of the strength of the dollar index and rising US bond yields, foreign institutional investors (FIIs) are dumping Indian stocks. The overall effect of these issues is affecting market sentiment.

Today, the Sensex closed at 63,148.15, down 901 points, or 1.41 %, while the Nifty 50 closed at 18,857.25, a significant loss of 265 points, or 1.39 %.

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