“Sensex Drops 500 Points: What’s Behind The Dip?”

Benchmark stock indices are in the red, and the market is ending the week on a downbeat note. The Sensex dropped over 580 points in early trade and is still down by 392 points, while Nifty fell 150 points. Despite strong gains in IT stocks, market volatility remains high. Here are three key reasons for today’s market drop:

1. Q3 Earnings Concerns
   While TCS had strong Q3 results, overall earnings sentiment is weak. Stocks like Tata Elxsi dropped 7% after missing estimates. Analysts expect Q3 results to be underwhelming, which is dragging the market down.
2. Uncertainty Over Donald Trump’s Actions
   Investors are anxious about US President-elect Donald Trump’s policies and the Federal Reserve’s future plans. This uncertainty is causing market pessimism globally.
3. Continued FII Selling
   Foreign Institutional Investors (FIIs) have been selling heavily, putting additional pressure on the market. Yesterday’s selling reached Rs 7170 crores, and analysts believe it will continue affecting stocks.

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