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<\/div>\n<\/div>\n<\/div>\nStock market crash<\/span> today:<\/span> Nifty50<\/a> and BSE Sensex<\/a> crashed in trade on Tuesday due to multiple factors including weak global cues and a renewed selloff in IT stocks. The continued uncertainty over the US-Iran peace talks outcome also acted as an overhang on the benchmarks.Around Rs 4.61 lakh crore in investor wealth was wiped as the combined market capitalisation of BSE-listed companies dropped to about Rs 475 lakh crore. BSE Sensex ended around 900 points down, dropped to levels just above 76,200. Nifty50 also dropped below 23,850.<\/p>\n Fresh round of selling in IT stocks<\/span>After witnessing a temporary recovery on Monday following last week’s sharp decline, information technology stocks once again came under pressure on Tuesday. Shares of TCS, Infosys, Wipro each fell over 3% as concerns intensified over AI-driven disruption and a slowdown in technology spending. The Nifty IT index ended the session more than 2% lower.The renewed weakness followed Accenture’s decision to lower the upper end of its annual revenue growth forecast, reviving concerns about subdued discretionary spending by global corporations.Sharp correction in South Korea’s Kospi<\/span>South Korea’s benchmark Kospi index came under intense selling pressure on Tuesday after recently touching record levels. Investors rushed to lock in gains in major semiconductor stocks amid concerns that valuations had become excessive following the market’s strong run-up.The Kospi plunged as much as 10%, with SK Hynix tumbling more than 12% and Samsung Electronics falling nearly 13%. The selloff was severe enough to trigger market-wide circuit breakers, prompting the Korea Exchange to suspend trading for 20 minutes.Sentiment towards technology stocks deteriorated further after weakness in US tech shares during Monday’s session. Concerns over US Fed rate hikes<\/span>The rise in crude oil prices linked to tensions in the Middle East has reignited inflation worries, leading markets to increasingly believe that US interest rates could stay higher for longer.Reflecting this shift, Bank of America has revised its outlook for 2026 and now expects the US Federal Reserve to raise interest rates three times this year. Just last week, the brokerage had projected that rates would remain unchanged.Higher US interest rates have implications for emerging markets such as India. Rising Treasury yields can attract foreign capital toward US assets, potentially leading to outflows from Indian equities. Weakness in the rupee<\/span>The rupee finished marginally lower on Tuesday as changing expectations regarding US monetary policy pushed the dollar to a one-year high against a basket of major currencies. The Indian currency closed at 94.7350 per US dollar, compared with its previous close of 94.6775, marking a decline of 0.1%.Profit booking after recent gains<\/span>The Nifty had closed in positive territory in six of the previous eight trading sessions, supported by easing geopolitical concerns following progress towards a US-Iran peace agreement and the subsequent decline in crude oil prices.Despite the recent rally, investors remain cautious. Market analysts point out that even though oil prices have retreated, restoring normal shipping activity through the Strait of Hormuz is expected to be a gradual and complicated process.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)<\/span><\/div>\nWhy did the stock market fall today?<\/h2>\n<\/p>\n