Share Market Latest Updates: The Indian stock market continues to decline for the fourth consecutive day. The increasing military conflict between America and Iran has increased the tension of investors. Today on Thursday too, BSE Sensex fell by more than 239 points in early trade. At the same time, Nifty also opened with a decline at 23908. Actually, investors are worried about the continuously rising prices of crude oil.

What are investors afraid of?

Two Saudi Arabian oil tankers have been targeted in the Red Sea by Yemen’s Houthi rebels. Supply through the Strait of Hormuz is already at a standstill. Now that the Red Sea has also come into the risk zone, problems regarding the supply of crude oil in the global market have started increasing once again.

This is the reason why today Brent crude jumped by 2.27% to reach the level of $ 96.20 per barrel. That means it is once again approaching $100. This rapid increase in crude oil prices can affect inflation and global economic growth.

There was a decline in the market yesterday also

Yesterday i.e. on 22nd July also a huge fall was recorded in the stock market. During this period, Sensex fell by 715 points and closed at the level of 76755.05. At the same time, Nifty also slipped 191 points and closed at 23996.25. Market investors suffered a loss of approximately Rs 4.25 lakh crore on this day. Selling in the trading session was so dominant that the market cap of BSE listed companies fell from Rs 484.29 lakh crore to Rs 480.05 lakh crore in just one day. Since even today the market is trading in the red, this figure of decline has become even bigger.

How many crores drowned in 4 days?

Due to severe selling in the stock market for the last four consecutive days, Sensex has fallen by almost 2200 points from its upper level and Nifty by more than 500 points. It is being said that investors have lost Rs 13.43 lakh crore in these four days. Among these, the biggest decline was recorded on Wednesday i.e. yesterday. During this period, shares of banking and pharma sectors have suffered the most loss. In particular, investors of HDFC Bank and Infosys have suffered a major setback. Due to weak quarterly results of HDFC Bank and pressure on net interest margin, selling of its shares was seen.

Pharma sector under pressure

Shares of companies like Cipla and Dr Reddy’s fell after US President Donald Trump threatened 100-200% tariff on Indian generic medicines. When crude oil crossed $96, shares of companies like IndiGo and HPCL also fell because their input costs had increased. Besides, the impact of America’s tariff policy, instability in dollar and rupee was also seen on the shares of tech companies.

As already mentioned that The rise in crude oil prices has increased concerns about India’s import bill, putting pressure on the Indian rupee. Due to weakening of rupee, imports become expensive and this may also increase inflation. This has also affected the thinking of foreign investors, due to which trading is being done with caution in the Indian equity market. Investors are also keeping a close eye on the policy making of the US Federal Reserve these days. The Federal Reserve is expected to keep interest rates at a high level, due to which the US Treasury yield has increased. In such a situation, US assets have become more attractive compared to emerging markets. This has reduced the appetite for risk and has put pressure on markets like India.

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