Why is the Indian stock market falling today: Indian stock market Sensex and Nifty fell sharply on Thursday, falling more than 1% amid a sell-off in IT stocks. Concerns over the policy stance of US President-elect Donald Trump and uncertainty over US interest rate cuts weighed on sentiment.

The BSE Sensex fell 1,272 points or 1.58% to hit 78,962, while the Nifty 50 declined 386 points or 1.59% to settle below the 24,000 mark.

In the end, the Sensex closed at 79,043.74, down 1,190.34 points or 1.48 percent, and the Nifty closed at 23,914.20, down 360.70 points or 1.49 ppercent

The top losers on Nifty were SBI Life Insurance, HDFC Life, Infosys, M&M, and Baand Jaj Finance, while the top gainers were Adani Enterprises, Shriram Finance, SBI, and Cipla.

On sectoral indices, auto, bank, IT, FMCG, metal pharma, and energy declined 0.3-2 percent while PSthe U bank index gained 1 percent and me the dia index gained 0.3 percent BSThe E midcap index was steady, and smallcap index was up 0.4 percent.

Adani stock continues to surge.

Meanwhile, shares of Adani Group companies jumped as much as 9.3% in early trade on Thursday after the group clarified that its key executives were not accused of violating the US Foreign Corrupt Practices Act in last week's indictment.

Adani Energy Solutions and Adani Total Gas were the biggest gainers, rising as much as 9% and 9.3%, respectively. Shares of Adani Green Energy also climbed 8.3% to hit an intraday high of Rs 1,072. Shares of Adani Power, Adani Enterprises, Adani Wilm, ARr, and Adani Ports gained up to 5%. The group's shares rose by about $14 billion on Wednesday after losing about $34 billion since the indictment till Tuesday.

Why is the Indian share market falling? Why is the Indian share market falling?

1. The first reason for the fall in the Indian stock market: Union Budget 2025

DIIs are waiting for the final signal from the Government of India after their victory in the Maharashtra Assembly elections. As only two months are left for the Union Budget 2025, they are in a dilemma and hence they are not participating in the current Indian stock market.

2. The second reason for the fall in the Indian stock market ist is a slowdown in the global market

Asian shares were tepid on Thursday and the dollar went on the defensive, as U.S. data showed progress on slowing inflation has stalled while the economy remains resilient, raising doubts over the path the Federal Reserve might take next year. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.07% lower, while Japan's Nikkei was up 0.46%. Data on Wednesday showed U.S. consumer spending rose slightly more than markets expected in October, but progress on taming the inflation rate appears to have stalled in recent months. Traders estimate there's a 65% chance the Fed will cut rates next month and expect another 75 basis points of easing by the end of 2025.

3. Third reason for the fall in the Indian stock market: Selling in tech stocks

Indian IT stocks fell after US IT stocks came under heavy pressure. The US Federal Trade Commission launched an antitrust probe against Microsoft, examining its cloud computing, cybersecurity, and AI segments. Analysts warned that the sector's turmoil, called a "tech mess", could continue until 2025, further worsening sentiment.

4. Crude oil

Oil prices fell in Asian trade on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the country's Thanksgiving holiday raised concerns about demand in the top consumer of motor fuels.

Brent crude futures fell 4 cents, or 0.1%, to $72.79 a barrel by 0220 GMT, while US West Texas Intermediate crude futures fell one cent to $68.71 a barrel.

5. Weakness in Rupee

The Indian rupee fell 6 paise to 84.46 against the US dollar in early trade. The dollar index, which tracks the greenback's movement against a basket of six major currencies, rose 0.15% to 106.24.