Impact of Iran-Israel war, market fell face down
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Share Market Opening: The effect of Iran-Israel war is being seen in the Indian stock market today. The domestic market broke in the pre-opening itself amid weak signals from the global market. After this, both the market indices Sensex and Nifty were seen continuously going towards hell. At 9.30 am, the Sensex fell 0.84 percent or 622.55 points to reach 73,622.35. Whereas, Nifty is seen falling by 0.84 percent i.e. 189.70 points and is trading at 22,329.70. Today 3197 companies are doing business in the market. In this, stocks of 2697 companies are seen in red. Whereas, a slight rise is being seen in the stocks of 382 companies. However, no change is seen in the stocks of 118 companies.
What is the condition of Sensex Nifty?
On the BSE Sensex comprising of 30 shares, only three shares are seeing a slight rise. Whereas, a deep red mark is visible in the stocks of 27 companies. There is a slight rise in IT on Nifty. Apart from this, losses are being seen in all sectors.
Also Read: These stocks have direct connection with Israel-Iran, can show action in the market today
What do experts say
Swastika Investmart Ltd. Santosh Meena, head of research, said that this week will be important for the market. The reason for this is that there is a possibility of increasing conflict between Iran and Israel. Due to increasing tension between the two, panic selling may be seen in the global stock markets. Apart from this, the market will also keep an eye on the prices of crude oil, which is affected by geopolitical developments. He said that the quarterly results of Infosys, Bajaj Auto and Wipro are to be released this week, on which investors are keeping an eye. He said that on the macroeconomic front, China’s Gross Domestic Product (GDP) growth rate, US retail sales data and US bond yields, besides the direction of the dollar index, will be important for the market.
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