By Admin 
Bajaj Finance Share: The condition of Bajaj Finance shares is bad these days. On Friday also, Bajaj Finance shares continued to fall for the second consecutive session. The situation is that till now in March, shares of Bajaj Finance have fallen by about 18 percent.
In fact, due to the increasing geopolitical tension due to the war between Iran-America-Israel, there has been a big decline in the stock market and its worst impact has been on the shares of Bajaj Finance. In the circumstances of war, rising oil prices and gas crisis have put pressure on the market. This is the reason why a large part of investors’ wealth has been lost since the beginning of the war.
Investors lost more than Rs 1 lakh crore
In fact, due to the ongoing war in West Asia, the prices of crude oil have increased and there is an atmosphere of instability in the global market. This has scared investors, leading to heavy selling in financial and banking sector shares. Since the start of the war between Iran and Israel, more than Rs 1 lakh crore has been wiped off the market capitalization of Bajaj Finance. On Thursday, shares of Bajaj Finance reached their 52-week low of Rs 826.70.
Many big challenges before India
Moody’s Ratings says that if the ongoing conflict in the Middle East continues to increase energy prices and supply disruptions continue, India may face pressure on the rupee, rising inflation and rising current account deficit. Moody’s further said, “Costly energy imports will weaken the rupee, increase inflation, worsen the current account balance and if subsidies have to be increased to compensate for the economic shock, then monetary policy as well as fiscal management will also become difficult.”
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