By Admin 
Sensex Nifty Fall Reasons: There was a decline in the Indian domestic stock market on March 16, the first trading day of the week. Both the major benchmark indices Sensex and Nifty 50 started the day in the red.
During the trading day, the Sensex had slipped nearly 800 points from its day’s high. Nifty had reached around 23,000 points. Let us know what is the reason behind this decline….
Weak signal received from global markets
At the beginning of the week, the trend of Asian stock markets appeared weak. On Monday, South Korea’s Kospi, Japan’s Nikkei 225 and China’s Shanghai SSE Composite Index were seen trading in decline.
Earlier on Friday, American markets had also closed with a decline. Due to signals from global markets, the Indian market also witnessed a decline. Investors did not show confidence in the domestic market.
Crude oil prices are on fire
Due to the ongoing war in the Middle East and the closure of the Strait of Hormuz, about 20 percent of the global oil supply has been affected. Due to which the prices of crude oil are continuously getting support.
Today, a jump of 1 percent was recorded in the prices of crude oil and the new rates reached around $ 104.2 per barrel. This had an impact on oil importing countries like India. Due to which the mood of the market got spoiled.
Foreign investors are continuously maintaining distance
One reason for the weakness in the stock market is the continuous selling by foreign institutional investors. According to the available data of the exchange, on Friday, foreign investors sold shares worth about Rs 10,716.64 crore.
If we talk about the month of March, till now they have withdrawn around Rs 56,883 crore from the market. Due to such huge withdrawals, investor confidence has weakened and the market environment remains under pressure.
pressure on rupee increased
Weakness is also being seen in the Indian currency against the dollar. On Monday, the rupee fell by about 13 paise to reach the level of 92.43 per dollar.
According to market experts, continuous selling by foreign investors and high prices of crude oil are putting pressure on the rupee, due to which the currency remains weak.
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