Sensex, Nifty crash wipes off Rs 30 lakh crore from Dalal Street in less than 6 weeks. What can trigger a rebound?

The Indian stock market has seen a sharp decline, with the Sensex and Nifty 50 experiencing a significant downturn. This has resulted in nearly Rs 30 lakh crore being wiped off the market capitalisation in less than six weeks. The decline is attributed to rising oil prices and higher bond yields, which have contributed to the market's instability. A rebound in the market is uncertain, but experts suggest that it may be triggered by an improvement in the overall economy.

Why it matters

The Indian stock market has undergone a significant downturn, with nearly Rs 30 lakh crore wiped off its market capitalisation. This downturn is likely to continue until contributing factors are addressed.

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