Outcry in the Indian stock market! Sensex fell 1018 points as soon as it opened, Nifty also in bad condition

Stock Market Updates: The Indian stock market started with a decline today amid the ongoing war between Iran, America and Israel. BSE’s 30-share sensitive index Sensex fell 1018 points and started trading at 72565. Similarly, Nifty also opened with a fall of 269 points at the level of 22549. However, now some recovery is being seen in it. Sensex is currently down 544 points at 73038. Nifty is also seen trading at 22683 with a fall of 136 points.

Due to decline in stock market

Today is the fifth week of ongoing tension in the Middle East, due to which uncertainty is at its peak in global markets. Due to this, the prices of Brent crude have also reached $115-120 per barrel. This is no less than a blow to the Indian economy, which is heavily dependent on oil imports. On top of this, there is pressure on the stock market due to selling by foreign investors. In March alone, foreign investors have sold shares worth Rs 1,13,810 crore. Meanwhile, the rupee has also fallen to its lowest ever level of 94.82 against the dollar. This has disturbed the sentiment of foreign investors.

Asian market

Today, on Monday, March 30, a huge decline is being seen in the Asian markets. Tension in West Asia has reached its fifth week and investors are nervous due to the rise in crude oil. Japan’s Nikkei 225 fell 3.97 percent today, Topix also fell 3.9 percent. Similarly, the benchmark Kospi fell more than 5 percent, while the small-cap Kosdaq was down 3.97 percent. Hong Kong’s Hang Seng Index futures were seen trading at 24630, which is lower than its previous closing price of 24951.88.

American stock market

A decline was also recorded in the American stock market. On Friday, the Dow Jones Industrial Average fell 793.47 points or 1.73 percent to close at 45166.64. The S&P 500 fell 1.67 percent and closed the session at a seven-month low of 6368.85. Nasdaq Composite also fell 2.15 percent and settled at 20948.36.

crude oil

Brent futures opened higher in early Asian trading on Monday, rising 2.7 percent and trading at around $115.55 per barrel. This is above the closing price of $112.57 on March 27. It has increased by 59 percent from the closing price of $ 72.48 per barrel on February 27. On this day, America and Israel attacked Iran. On COMEX, crude oil prices rose 2.96 percent to $ 102.59 per barrel.

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