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Stock market crash today: Sensex plunges 995 points, Nifty sheds 1% ahead of Fed decision: Here's what spooked D-Street
BSE moved higher.
· LiveMint Markets
Indian markets fell sharply, with the Sensex down 995 points and the Nifty off 1.1%, as crude rose above $115 a barrel following an attack on a Saudi refinery. Investors also awaited the US Federal Reserve decision.
The analysis
BSE reported movement of 1% and 1.1%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- A market-wide development: it reaches beyond any single stock.