By Admin 
Stock Market Crash: America’s jump between Iran Israel Jung seems to have a direct impact of the increased tension in the Middle East on the Indian stock market. The first business day of the week started on Monday 23 June with a huge decline. As soon as the market opened, the Sensex fell 700 points at around 9.25 am. After that, the Sensex slipped 863.78 points to 81,544.39 at around ten o’clock. While the NSE Nifty is also opened at the level of 182.90 to 24,929.50. However, Dr. VK Vijay Kumar, Chief Investment Strategist, Jijit Investment Limited, says that the bombings on behalf of American on three nuclear installations of Iran have deepened the crisis in West Asia. Despite this, the effect in the market is going to be quite modest.
Despite crash, these stocks boom
Despite the steep decline in the stock market, one of the top gainers is Bharat Electronics, its stock has seen a rise of 1.64 percent. While the Indian Airtel has risen 0.39 percent. However, as soon as the market opens, there is a tremendous pressure of selling in the market.
These stocks slipped
Among the stocks that have fallen today, Infosys is 2.01 percent, Hindustan Unilivor 1.64 percent, HCL Technology 1.24 percent, Asian Paints 1.30 percent and power grid 1.19 percent.
Earlier on Friday, the BSE Sensex jumped 1,046.30 points i.e. 1.29 percent to close at 82,408.17. Whereas the NSE Nifty with 50 shares climbed 319.15 points i.e. 1.29 percent to 25,112.40. The effect of middle East stress is also being seen on Indian currency. Today, the rupee broke 17 paise and opened at Rs 86.76 against the dollar. A day before, the rupee closed at the level of 86.59.
Market experts say that global stance and business activities of foreign investors will see the impact of market notion. According to Ajit Mishra, the Chief Vice Research of Railways Broking Limited, these weeks are going to be very important for the global indicators market, in which there will be a focus on the comments of geopolitical tension, US economic figures and Federal Reserve officials between Iran-Israel.
Iran-Israeli stress effect
Siddharth Khemka, Chief Research of Motilal Oswal Financial Services, Siddharth Khemka says that global indicators will play an important role. Investors will monitor further developments on the geopolitical front besides the US manufacturing and service PMI data.
Also read: Air India takes steps amidst heavy stress in the middle East, flights closed on these routes