Israel-Palestine war affected the share market, the market fell as soon as it opened
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Hamas has attacked these two Israels due to which there is a situation of war there. The effects of this war that started between Israel and Palestine are also being seen in West Asia. For the first time since the beginning of this war, the stock market is open on Monday 9 October. The effect of the war was also seen on the stock market.
We dived right into the open market after. BSE Sensex and NSE Nifty fell in early trade. Sensex remained down by more than 470 points while Nifty also opened with a fall of 170 points. At 9:20 am, the Sensex fell by more than 500 points and touched below 65,500 points.
Amid increasing tension in West Asia, market analysts have also given information regarding the market. According to analysts, there is an atmosphere of uncertainty in the market due to the Israel-Hamas conflict. For this reason no investor is willing to take risk. In early trade, the 30-share BSE Sensex fell 407.19 points to 65,588.44. National Stock Exchange’s Nifty was trading at 19,510.80 points with a loss of 142.70 points.
Among Sensex companies, shares of State Bank of India, Tata Steel, Titan, IndusInd Bank and Asian Paints were in loss. Whereas shares of HCL Tech, Tech Mahindra, TCS, Wipro, Infosys, Hindustan Unilever and Sun Pharma were trading in profit. Other Asian markets were also in a downward trend. European markets closed with gains on Friday. American markets were also in profit on Friday. Global oil benchmark Brent crude rose 3.68 percent to $87.69 per barrel. Foreign institutional investors (FIIs) had sold shares worth Rs 90.29 crore on Friday.
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