By Admin 
Market Cap Decline: The direct impact of the ongoing tension between Iran and Israel was seen in the Indian stock market on Monday. Domestic markets turned red like tomatoes. While the major benchmark index Sensex fell by 2743 points, Nifty 50 started the day slipping by around 519 points. The selling phase continued in the market.
Experts had already anticipated this pressure. Due to the tension in the Middle East, the prices of crude oil, gold and silver are also skyrocketing. The Indian Rupee has fallen on all fours in the currency ring today. Amidst this ongoing environment in the market, investors have suffered a loss of about Rs 17.50 lakh crore. Let us know in detail…
Market fell and investors lost Rs 17.50 lakh crore
The sharp decline in the stock market has had a direct impact on the wealth of investors. According to the data, the market cap of BSE on Friday was Rs 4,63,50,671.27 crore. But as soon as the market opened on Monday, it came down to Rs 4,45,91,660.60 crore.
That means, within a few minutes, a total of Rs 17,59,010.67 crore of investors were wiped out from the market. Investors have suffered huge losses due to this decline.
Rupee weakens against dollar amid tension
The effect of increasing conflict in West Asia is also visible on the Indian rupee. In the currency ring, the rupee could not stand against the dollar. The rupee weakened against the US dollar and crossed the important level of Rs 91 per dollar. According to statistics, this is the lowest level in the last one month.
The increasing tension between Iran, Israel and America has increased the concern of investors. Along with this, there was a sharp rise in the prices of crude oil. Which had direct pressure on the rupee and weakness was seen in it.
The biggest decline in these shares
The biggest decline was seen in the shares of Larsen & Toubro (L&T) from the BSE basket. By the time the news was written, company shares had slipped by 5.69 percent. Indigo shares were trading 4.30 percent lower. Apart from this, there was a sharp decline in the shares of Adani Port, Maruti and Mahindra & Mahindra.
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