By Admin 
Share Market Today: A big decline is being seen in the Indian stock market today on March 19. As soon as the market opened, there was a huge fall of 1953 points in the Sensex and it opened at the level of 74751. At the same time, Nifty is also trading down by about 525 points. A decline of more than 1400 points is being seen in the Bank Nifty index.
Why did the stock market crash today?
- Iran targeted energy targets in Qatar and Saudi Arabia with ballistic missiles. Iran targeted Ras Laffan Industrial City of Qatar. Also attacked Ras Tanura Refinery and Jubail Petrochemical Complex of Saudi Arabia. Iran also targeted the Habshan gas center of the United Arab Emirates. Due to these attacks, apprehensions regarding energy supply have increased.
- Due to tension, the prices of Brent crude have crossed 112-113 dollars per barrel, which is negative for the economy of all the countries of the world including India.
- The resignation of HDFC Bank Chairman Atanu Chakraborty is also a major reason for the fall in the stock market. Due to this, HDFC Bank shares fell by 8-9 percent today. Due to this there is huge pressure on the banking sector.
- The US Federal Reserve kept interest rates stable at 3.50-3.75 percent. Due to this, the possibilities of increase in selling by foreign investors have increased. Investors are under stress due to this strict stance of the Federal Reserve.
- Global markets like American and Asian markets have also declined by 2-3 percent.
Bad condition of Asian markets
On Thursday, Asian markets remained in the red with heavy fall. Losses were seen in all major indices. After the overnight decline on Wall Street, Japan’s Nikkei fell by about 2.5 percent and Topix saw a decline of about 1.8 percent. At the same time, South Korea’s Kospi fell by about 2.6 percent and Kosdaq also recorded a decline of about 1.7 percent. Australia’s S&P/ASX 200 also opened weak and was seen trading down about 1.5 percent.
Huge fall in Wall Street
On Wednesday, March 18, a huge fall was seen in the American stock market. By the time the market closed, all the major indices had reached their lowest levels. The Dow Jones Industrial Average closed at 46225.15, down 768.11 points or 1.63 percent. S&P 500 also declined by 1.36 percent and closed at 6624.70.
At the same time, Nasdaq Composite fell 1.46 percent and closed at 22152.42. There were two major reasons for the decline in the American stock market on Wednesday. The first reason – the US Federal Reserve keeping the interest rates stable at 3.50-3.75 percent and the second reason – the rise in crude oil prices to more than $ 111 per barrel due to the war in Iran. Due to this, fears of increasing inflation have increased worldwide.
Crude oil prices increased
Due to increasing tension in West Asia, crude oil prices have increased by 4 percent. US West Texas Intermediate (WTI) crude oil has increased by about 3.1 percent to $ 99.31 per barrel. At the same time, Brent crude oil has increased by about 4.1 percent to Rs 111.59 per barrel.
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