Sensex tumbles 208 points: Top 5 reasons

Zee Media Bureau

New Delhi: The benchmark BSE Sensex was back into the red again on Friday after rising on Thursday, tumbling 208 points to end just above the psychological 25,000 mark.

With this seventh fall in last eight sessions, the Sensex close at a three-month low of 25,044.43.

Here are the top five reasons why the market fell today.

1. Auto shares: Shares of automakers dropped after the National Green Tribunal (NGT) ordered that diesel-run vehicles will not be registered in Delhi. Tata Motors, M&M, Maruti Suzuki, Ashok Leyland and Eicher Motors plunged up to 2.98 percent, dragging down the Auto index by 1.71 percent.
2. Delay in passage of GST Bill: With the Parliament logjam over the GST Bill leading to its uncertainity and possible delay of passage has left investors worried.
3. US Fed meet: The US Fed is likely to meet next week and is higly expected to raise interest rates and this has left investors, global and domestic worried.
4. IIP data: Industrial production in September had fallen to a four-month low of 3.6 percent, and with the IIP data to be released today, it had cast a shadow on sentiments of brokers and investors.
5. Bank stocks: Led by ICICI Bank, shares of Axis, SBI and HDFC banks suffered losses up to 3.60 percent on a major sell-off leading to the Sensex crashing.