By Admin 
- Indian stock market also fell today due to global reasons.
- Markets became uncertain due to US-Iran tension in the Middle East.
- Increasing geopolitical tension increased crude oil prices.
- A huge decline was also seen in American and Asian markets.
Share Market Today on June 4: Today, after a weak start, the stock market regained control of itself and quickly came back on track. Sensex reached the level of 74468 with a gain of 122 points. At the same time, Nifty is also trading at 23412.60 with a gain of 7 points. After the fall in IT shares yesterday, today the market got support from banking sector shares. State Bank of India]Big banking stocks like ICICI gained. Apart from these, shares of Eternal also gained 4.31%. Shares like Mahindra & Mahindra, Titan and Asian Paints are also among the top gainers.
This morning the stock market opened in the red. Nifty 50 index started trading at 23283 with a fall of 123 points. At the same time, Sensex also fell by about 450 points from Wednesday’s closing level and came in the range of 73900-74000.
Why did the stock market fall?
- There is an atmosphere of uncertainty in the global financial markets due to the increasing military tension between America and Iran in the Middle East. Due to this, investors are hesitant in taking risks.
- Amidst the increasing fear of war, the price of Brent crude oil in the international market increased rapidly to near $ 97 per barrel, which is worrying for an economy like India that is dependent on crude oil imports.
- This morning a huge fall was also seen in the Asian stock markets, the impact of which is visible on Dalal Street.
US market
Last night the American stock market closed in the red with a huge fall. The Dow Jones Index saw a decline of 620.72 points or 1.21%. The S&P 500 index slipped 56.10 points to close at 7553.68. Six out of its 11 major sectors were seen in loss. The Nasdaq Composite Index of heavy tech shares closed at 26853.98 with a loss of 240 points. In the Middle East, following the recent attacks by Iran on Kuwait Airport, there were direct clashes between the US and Iranian forces. This geopolitical tension, which is gaining momentum again, has scared investors again.
price of crude oil
West Texas Intermediate (WTI) crude futures are trading around $ 95.43 per barrel. On the other hand, Brent crude futures were seen trading at $97.07 this morning. Earlier on May 29, Brent crude was trading at around $90 per barrel. Prices have risen again in the last few sessions due to geopolitical uncertainty. Crude oil prices on COMEX fell 0.59% to $ 95.45 per barrel.
us dollar
The Dollar Index (DXY), which shows the strength of the dollar against six major currencies of the world, was seen trading at 99.45 with a decline of 0.09% today. This basket includes currencies like British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc. On June 03, the rupee weakened by 0.45% and closed at 95.71 against the dollar.
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