•Indian stock markets saw a sharp decline today, with Sensex falling by 1,250 points and Nifty dropping below 25,400, halting a two-day rally.
•Major factors contributing to the crash include sharp selling in IT stocks due to AI concerns, weakening rupee against the dollar, and weak global cues.
•Rising crude oil prices, which hit $72.13 per barrel, also fueled investor concerns over inflation and trade deficit.
•The market experienced increased volatility due to the weekly expiry of Nifty derivative contracts, leading to significant price movements.
•Technical analysis suggests Nifty struggled to sustain above 25,700, indicating a slowdown in bullish momentum, with a broad range between 25,300 and 25,840.
