By Admin 
Share Market: A huge fall was seen in the Indian stock market on Thursday, March 19. The atmosphere of selling was such that within just an hour of the market opening, about Rs 7.6 lakh crore of investors were lost. The total market capitalization of BSE listed companies fell to Rs 430.99 trillion from Wednesday’s closing price of Rs 438.63 trillion.
Both the benchmark indices fell by more than 2 percent in early trade. At around 9:23 am, BSE Sensex fell 1548.85 points to 75155.28, while NSE Nifty 50 fell 458.35 points to 23319.45. There is not just one but many reasons for this decline in the market today. These include reasons like rising crude oil prices, increasing tension in the Middle East, continuous withdrawal of foreign investors and weak global signals.
Why did the stock market fall?
- The increasing tension in West Asia is a major reason for the decline in the stock market. Iran targeted Qatar’s Ras Laffan Industrial City, Saudi Arabia’s Ras Tanura Refinery and Jubail Petrochemical Complex and the UAE’s Habshan Gas Center. Meanwhile, Israel also carried out air strikes on Iran’s South Pars gas field. All these are energy infrastructure. In such a situation, there is a possibility of the energy crisis getting worse in the future due to damage to them.
- In case of intensification of war, the prices of crude oil are on the rise. Brent crude oil prices have crossed $111-112 per barrel. India is heavily dependent on imports for its oil needs. In such a situation, there is a fear of increase in inflation due to increase in prices.
- The resignation of HDFC Bank’s part-time chairman Atanu Chakraborty from his post on March 18 is no less than a shock for the market. Due to this, the confidence of investors was shaken, selling increased and shares fell by 8-9 percent. Due to the fall in shares, the market capitalization of the bank suffered a loss of about Rs 1 lakh crore.
- The US Federal Reserve also indicated that it would adopt a ‘hawkish’ stance in the future by not making any changes in the interest rates. This increased selling in global markets.
- Today the Indian Rupee also reached its lowest ever level of Rs 93.38 against the US Dollar. This decline caused panic among foreign investors, which led to increased selling in the market. Today, from banking to auto sector, IT to FMCG, all sectors remained in loss.
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Share Market Today: Outcry in the Indian stock market, Sensex fell by 1953 points as soon as it opened, Nifty also fell by 525 points.