Zee Media Bureau
New Delhi: After its record fall yesterday, the Sensex opened strong this morning but a sharp bout of volatility soon engulfed the markets.
Here are five reasons behind the sea-saw in stock markets.
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1. Sentiment took a knock after crude oil prices softened to multi-year lows.
2. Deepening concerns about weak Chinese growth and global oversupply also weighed on the stock market.
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3. Concerns that foreign investors would pare some of their holdings as China`s equity markets continued to tumble the markets brought the sentiments down.
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4. Uncertainty in eurozone coupled with the fear of expected rate hike by the US Federal Reserve in September are continuously playing with market sentiments.
5. The depreciation of rupee also kept haunting the investors, though rupee recovered by 26 paise to 66.39 in today's trade.
