By Admin 
Share Market Today on June 8: Today, on the first day of the week, trading in the Indian stock market started with a big fall. BSE’s 30-share sensitive index Sensex slipped 821 points and opened at the level of 73421. At the same time, NSE’s Nifty-50 started trading at the level of 23080, taking a dive of 286 points. Right now all the shares in Sensex are seen trading in the red mark.
Midcap and smokecap are also in bad shape
There is heavy selling not only in big shares, but also in small and medium shares. Nifty Midcap and Smallcap indices are trading down more than 1.5%.
Why did the stock market fall today?
- Iran’s latest attack on Israel was a matter of concern among investors. Global geopolitical tensions reached their peak due to Iran’s missile attacks on Israel. Due to this, investors started withdrawing money from shares.
- Due to war, today the price of crude oil has also crossed Rs 8600. Due to the fear of supply chain being affected due to conflict in Gulf countries, the prices of crude oil have risen sharply in the international markets, which is no less than a shock for the Indian economy.
- Just before the opening of the Indian market, South Korea’s Kospi index crashed by 8% and Japan’s Nikkei crashed by 4.2%, which affected the sentiment of Indian investors.
Asian market
Today heavy selling is being seen in Asian markets. The biggest decline was seen in South Korea’s Kospi index. It fell by more than 8%. Due to this there was chaos in the market. There has been heavy selling in big chip and tech stocks like Samsung and SK Hynix. In the same sequence, Japan’s Nikkei index has also slipped by about 2780 points to 63804 today. Hong Kong’s Hang Seng is also in a similar situation, which was seen trading at the level of 24630 with a fall of about 1.34%.
US market
There was a decline in futures related to American benchmarks after Iran fired missiles at Israel. Futures linked to the Dow Jones Industrial Average fell another 124 points, or 0.25%. S&P 500 futures and Nasdaq 100 futures also declined by 0.2%.
The US stock market closed with losses on Friday as employment figures for the month of May came in stronger than expected. This strong data has completely dashed the expectations of cutting interest rates by the Federal Reserve. Now the market fears that the Fed may increase interest rates further to control inflation. Due to this, the 10-year US bond yield jumped beyond 4.5%.
price of crude oil
West Texas Intermediate (WTI) crude futures rose 2.16% to $92.50 a barrel. At the same time, Brent crude futures for August delivery were seen trading 2.35% higher at $ 95.28 this morning. Crude prices on COMEX were trading 2.15% higher at Rs 92.49 per barrel.
us dollar
The US Dollar Index (DXY) was trading 0.03% lower at 100.04 today. This index assesses the strength or weakness of the US dollar against the major currencies of the world. This basket includes currencies like British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc. On June 5, the rupee fell 0.89% to close at 94.95 against the dollar.
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