By Admin 
- Decline in Indian market due to crude oil and geopolitics.
- Most Asian markets remained strong, American markets fell.
- Crude oil at record high level in 6 weeks.
- US dollar strengthened, Indian rupee weakened.
Share Market Today on July 23: Today a big decline is being seen in the Indian stock market. All-round selling is being seen in the international market due to crude oil prices rising to $96 per barrel and the ongoing war between America and Iran. Meanwhile, BSE’s 30-share sensitive index Sensex opened 350.99 points down. At the same time, NSE’s Nifty 50 started trading with a fall of 92.25 points.
Among the companies included in the Sensex whose shares registered a decline, Indigo tops the list. Its shares have fallen by 1.60%. The list also includes shares of companies like Infosys (-1.07%), Tata Steel (-0.97%), Bajaj Finance (-0.86%) and UltraTech Cement (-0.84%).
Asian markets boom
Today most of the Asian markets are witnessing a boom. Japan’s Nikkei index jumped 0.55%-1.2% in early trade on the back of strong buying in shares of semiconductor and chip making companies. South Korea’s Kospi index also recorded a huge rise of 2.3-3.4%. Hong Kong’s Hang Seng also gained 0.6% and Australia’s ASX 200 was up 1.06% from 0.72%. However, China’s Shanghai Composite saw a slight decline of up to 0.1% today.
US market decline
Mixed trading was seen on Wall Street yesterday. The Dow Jones Industrial Average closed flat without any major changes. The S&P 500 closed at 7498.96, down 0.1%. During this period, Nasdaq Composite fell 0.6% to the level of 25690.90. These days, investors in the American stock market are being cautious about the rising prices of crude oil and the results of big tech companies.
boiling in crude oil
Due to tension between America and Iran and the latest attacks on tankers in the Red Sea, international crude oil prices have reached a record level of 6 weeks. Brent crude has jumped almost 2% to $ 96.21 per barrel. At the same time, West Texas Intermediate (WTI) crude is trading at $ 88.40 per barrel with a rise of 1.7%.
US dollar strengthened
In the currency market, the US Dollar Index (DXY) remains strong at 101.11. At the same time, today the Indian Rupee remains weak at the level of 96.53 to 96.55 in the international currency market with a slight decline of 0.09% against the US Dollar.
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