By Admin 
Share Market Today: Indian stock market started with a decline today due to failure of talks between Tehran and America in Islamabad to end the war in Iran and rise in crude oil prices. Dalal Street’s benchmark indices Sensex and Nifty both appear to be under pressure today.
On one hand, BSE’s 30-share sensitive index Sensex is trading around the level of 75937 with a fall of 1613 points. At the same time, Nifty 50 of National Stock Exchange has fallen by 461 points and slipped below the important support zone of 23589 points.
Why did the stock market fall?
- After Trump’s threats of siege of Hormuz and failure of the peace agreement between America and Iran, crude oil prices crossed 100 dollars. Since India is a big importer of oil, the increase in prices is no less than a shock for the market.
- Obviously, if oil becomes expensive, the prices of petrol and diesel will also increase. Due to this, expenditure on logistics and transportation will also increase, due to which inflation is likely to increase.
top gainers
- Due to increase in the price of crude oil, ONGC shares are witnessing a spectacular rise of 4.85 percent.
- Shares of Oil India are also trading with a gain of 4.20 percent.
- Shares of Reliance Industries have increased by 1.10 percent.
- Shares of Coal India are also seen trading with an increase of 0.70 percent.
- Shares of Hindustan Aeronautics are also trading with a rise of 0.95 percent amid increasing global tensions.
top losers
Shares of Asian Paints, Apollo Tyres, Maruti Suzuki, HDFC Bank and Indigo are currently seen falling.
Asian market
Asian markets are witnessing a decline on Monday after talks between America and Iran yielded no results and the sudden rise in crude oil prices crossed $100. During this period, a decline of 0.84 percent was seen in Japan’s Nikkei and it came below the level of 56,500. South Korea’s Kospi also fell by 1.83 percent. Hong Kong’s Hang Seng was also seen trading with a weakness of 1.16 percent. During this period, a mixed trend of business is being seen in the Chinese market. A decline of 0.2 percent is also seen in Shanghai Composite.
condition of wall street
Today, on April 13, the condition of Wall Street also seems to be in bad shape. Heavy selling is being seen in American futures on Monday morning (Indian time). Dow Jones Futures is trading down by about 550 points. S&P 500 Futures are also trading with a weakness of 80 points or about 0.77 percent. Nasdaq Futures are also seeing a fall of more than 320 points.
price of crude oil
The ongoing ceasefire talks between America and Iran in Islamabad ended without any result. On top of that, Trump also ordered the siege of Iranian ports. Due to this, there has been a huge jump in the prices of crude oil today. Brent crude futures increased by 7.05 percent to $ 101.91 per barrel and American West Texas Intermediate increased by 7.86 percent to $ 104.16 per barrel.
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