By Admin 
Share Market Today on May 5: After the decline in initial trading, now the stock market seems to be slowly getting back on track. Currently, BSE’s 30-share sensitive index Sensex is trading with a decline of 152.22 points or 0.20 percent. Whereas in early trading it saw a fall of more than 420 points. Similarly, after recovering from the fall of 55.75 points or 0.23 percent, Nifty is still at 24067.40 with a weakness of 51.90 points.
Why did the stock market fall today?
Geopolitical tensions- The increasing tension between America and Iran in the Middle East has weakened the sentiments of global investors.
Crude oil- People are now worried about rising inflation at the domestic level due to the rise in crude oil prices.
Rupee weakness- The Indian rupee has reached a historic low of 95.33 against the US dollar.
Asian market
Caution was seen in Asian indices on Tuesday morning amid rising crude oil prices. However, most of the major Asian indices including China and Japan are closed today. Yesterday, South Korean shares hit a new record, which comes after their strongest monthly gain in 28 years. Let us tell you that on Monday the Kospi index registered a rise of about 31 percent. This is the South Korean stock market’s strongest monthly gain since January 1988.
US market
American markets closed with a decline on Monday amid the continuing rise in oil prices. The rising oil prices in West Asia have further increased concerns about instability in the region. The Dow Jones Industrial Average fell 557.37 points, or 1.13 percent, to close at 48,941.90. The S&P 500 fell 0.41 percent to 7,200.75, while the Nasdaq Composite fell 0.19 percent to 25,067.80.
crude oil
West Texas Intermediate (WTI) crude futures are trading 1.31 percent lower at $ 105.02 per barrel. Brent crude futures were trading at $113.77 this morning with a decline of 0.58 percent. Crude oil prices on COMEX fell 1.4 percent to $ 104.98 per barrel. However, on Monday night, when UAE’s Fujairah reported that a petroleum industrial site had caught fire following a drone attack by Iran, oil futures witnessed gains. After this incident, WTI increased by more than $3 and Brent increased by more than $5 per barrel.
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