India, Nov. 5 -- Over the past one week, Sensex, the market index for the Bombay Stock Exchange (BSE), has lost 1,500 points. It is ironic that over the past one month, it gained almost 1,700 points, or 2 per cent. Yesterday, the index was down more than 500 points and, according to media reports, investors "lost more than Rs 2,00,000 crore on Tuesday as the cumulative market capitalisation of firms listed on the BSE dropped to below Rs 4,70,00,000 crore." Several reasons can explain yesterday's crash, as also the decline over the past few trading sessions. One of the main reasons is global cues. Recently, the US Federal Reserve announced that what many had assumed to be an automatic interest rate cut in December 2025 was not a foregone c...