Stock Market Crash: Due to the ongoing standoff between Israel-Iran, the Indian stock market crashed, fell as soon as it opened.
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The Indian stock market has seen a sharp decline on the very first trading day of the week. This decline has been seen due to the global situation. On Saturday and Sunday, a war-like situation has arisen between Iran and Israel, which has had a direct impact on the Indian stock market. Iran has attacked many places in Israel with drones and missiles.
There is an atmosphere of tension all over the world. If there is a war between the two countries, then the future may also be full of difficulties. Since yesterday, the possibility of increase in crude oil prices and inflation has also increased. This is the reason why the stock market has declined.
The stock market had fallen till one thing on Friday. As soon as the market opened on Monday after 2 days of holidays, there was a big fall in both the Sensex and Nifty indices. During this period, Sensex fell by more than 900 points while Nifty also opened 300 points lower.
At the beginning of trading, Sensex was at 73,315 and Nifty was at 22,339. Of the top 30 BSC shares, only four were trading per person while the other 26 were in the red. The biggest decline has been seen in the shares of Tata Motors which is 2.4 percent.
Today, 2171 shares are trading in NSE Nifty, in which only 135 shares have seen the third share, the remaining 1979 shares are in the red. Among the Sensex listed companies, shares of Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints suffered the most losses. Shares of IT services major Tata Consultancy Services gained about one percent. Shares of Nestle and HCL Technologies also gained. In Asian markets, Japan’s Nikkei 225, Hong Kong’s Hang Seng and South Korea’s Kospi were in loss, while China’s Shanghai Composite was in profit. US markets closed with a negative trend on Friday. Global oil benchmark Brent crude futures were trading 0.17 per cent lower at US$90.30 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth a net Rs 8,027 crore on Friday.
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