By Admin 
Stock Market News: On Friday, the seventh day of the ongoing conflict in West Asia, a big fall was recorded in the domestic stock markets due to weak investor sentiment. BSE Sensex closed down by 1,097 points, while Nifty 50 fell by 315 points. According to analysts, rising crude oil prices and continuous selling by foreign investors put pressure on the market. BSE’s 30-share standard index BSE Sensex fell 1,097 points or 1.37 percent and closed at 78,918.90 points.
stock market crash
At one time during trading, it fell by 1,203.72 points and reached 78,812.18 points. Similarly, Nifty 50 also closed at 24,450.45 points with a decline of 315.45 points or 1.27 percent. Among Sensex companies, major decline was recorded in shares of ICICI Bank, Axis Bank, HDFC Bank, State Bank of India, UltraTech Cement, Bajaj Finserv and Larsen & Toubro. On the other hand, shares of Reliance Industries, Bharat Electronics, Sun Pharmaceutical Industries, NTPC Limited, Infosys and HCLTech showed gains.
Crude oil prices have increased due to deepening of the crisis in West Asia. Global oil standard Brent Crude rose 2.53 percent to $ 87.57 per barrel. Vinod Nair, head of research at Geojit Investments Limited, said that the increasing tension between America and Iran is likely to affect the supply of oil and gas from West Asia, due to which the prices of crude oil have increased. This may have an impact on India’s current account deficit, inflation and monetary policy stance.
Asian market boom
In Asian markets, Kospi, Nikkei 225, Shanghai Composite and Hang Seng Index closed with gains. European markets were trading with a decline in the afternoon session, while American markets closed with weakness on Thursday. According to stock market data, Foreign Institutional Investors made a net sale of shares worth Rs 3,752.52 crore on Thursday.
However, Domestic Institutional Investors bought shares worth Rs 5,153.37 crore. A day earlier on Thursday, BSE Sensex had risen 899.71 points to close at 80,015.90 points, while Nifty 50 had gained 285.40 points to reach 24,765.90 points.
Also read: In this matter, China has overtaken America and become number-1, know where India stands.
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