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Why stocks crashed today
2 min read . Updated: 26 Feb 2021, 04:17 PM ISTVivek KaulThis fall was primarily on account of the US government bond yields going up. The US government sells bonds which pay a certain rate of interest to finance its fiscal deficit or the difference between what it earns and what it spends
The BSE Sensex, India’s most popular stock market index, fell by 1,939 points or 3.8% today to close the day at 49,050 points.
Why did this happen? Stock prices in India are very closely related to how stock prices move in the United States (US), a day earlier. Yesterday, the Dow Jones Industrial Average, the premier stock market index in the US, fell by 560 points or 1.75% to 31,402 points.
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