By Admin 
Share Market Today: There was a strong decline in the domestic stock market today. There was nervousness among investors due to increasing US-Iran tension and rise in crude oil prices. BSE Sensex opened at 73,615.99 compared to the previous close of 73,983.18, while Nifty 50 fell from 23,214.95 to 23,104.40 and later fell below the level of 23,100.
Why is the market falling?
The increasing tension in the Middle East has increased the concern of markets around the world. Investors fear that if the situation worsens, the supply of crude oil may be affected. This is the reason why oil prices increased and selling in the stock market increased.
Good News! Excise duty on petrol ended, know how much profit you will get on 1 liter
Oil expensive, market troubled
India imports most of its crude oil needs. In such a situation, increasing oil prices may increase pressure on both the country’s economy and companies. Expensive oil also increases inflation, so investors thought it better to reduce the risk.
Most pressure on these shares
Weakness was seen in Banking, FMCG and especially IT sectors, where Nifty IT index opened at 27,888.00 compared to the previous closing level of 28,279.90. Today maximum weakness was seen in shares of banking, auto, IT and metal sectors. Many big stocks were seen trading in the red. On the other hand, buying was seen in some companies of the oil and gas sector.
Increased concern of investors
This fall in the market caused a big blow to the wealth of investors. Due to weakness in Sensex and Nifty, the market cap of many companies decreased. Selling pressure was also seen in small and medium stocks.
Gold became cheaper and silver also softened, check today’s latest rates before shopping.
Will the decline continue further?
At present, the market will keep an eye on the situation in the Middle East and the prices of crude oil. If tension reduces then recovery may be seen in the market. And if the situation worsens, the fluctuations may increase further.
What is your advice for investors?
Experts are advising to avoid taking decisions out of panic in the current environment. He believes that long-term investors should focus on strong companies and look at every market decline as an opportunity rather than a loss. Overall, global tensions and rising oil prices spoiled the mood of the Indian stock market today.