Why did the stock market crash today?
stock market crash today-Today Nifty Opened at 11958.55 made a high of 12018.65made a low of 11775.75 a drop of 180 points in seen because of negative results of the companies.
If you are an intraday trader you might be having a question in mind why did the stock market crash today? let’s have a look at this.
There are two reason’s why Nifty fall today.
There were many companies whose results were to be declared today those companies are:
Bajaj Finance, Bajaj finserv, ultra tech cement, Chennai petroleum corp, Colgate, Arihant superstructures. are among 31 companies whose quarterly (Q2) results are to be declared on 21 Oct 2020.
HUL Results were in profit
DB Corp profit fell down
Baja Finserv profit went down
company has reported profit of around Rs 2009 cr in the Q2 result.
Secondly European Market traded lower on 21 Oct 2020.
FTSE opened at5889.22 , low at 5810
CAC opening price was 4945.33 made a low of 4868.
DAX opening price 12764 made a low of 12601.
Rupees ends lower
Indian rupees ends lower 15 paisa ie. rupee value for today was 73.58 for 1 dollar.
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