Share Market Today on May 11: The scope of decline in the stock market is gradually increasing. Currently, Sensex is trading at the level of 76280 after falling 1047 points (1.35 percent). At the same time, Nifty remains at the level of 23852 with a decline of 1.25 percent or 301 points. Today’s top losers include shares of companies like Titan, SBI and IndiGo. In these a decline of 6.06 percent, 2.80 percent and 2.84 percent is being seen respectively.

Today, on the first trading day of the week, the Indian stock market started with a decline. Sensex and Nifty crashed as soon as the session opened amid rising tensions between America and Iran and rising crude oil prices. On one hand, BSE’s 30-share sensitive index Sensex opened with a huge fall of 690 points at the level of 76638. At the same time, Nifty fell 206 points and started trading at 23970. Let us tell you that today the Indian Rupee has also reached its lowest ever level of Rs 95.62 per dollar, due to which the concern of the investors has increased further.

Why did the market fall?

• Brent crude crossing $104 is the biggest shock for the Indian market. This may reduce the profits of oil importing companies.
• The news of Hormul blockade, supply chain disruption and drying up of inventory have scared investors.
• In view of the global tension, foreign institutional investors (FIIs) are withdrawing money from the Indian market and investing it in safe options like dollar or gold.

Asian market

On Monday, the first trading day of the week, Asian markets were seen trading with mixed sentiment amid increasing geopolitical tension and rising crude oil prices. Japan’s Nikkei 225 rose 0.81 percent. An increase of 0.32 percent was also recorded in Topics. South Korea’s Kopsi made another new record by jumping 3.67 percent, while Kosdaq saw a slight rise. However, Australia’s S&P/ASX 200 slipped by 0.71 percent.

US market

US stock futures were down in early trading on Monday. Futures tied to the Dow Jones Industrial Average fell 189 points, or 0.3 percent. At the same time, US stock markets closed with gains on Friday. The Nasdaq Composite closed at 26,247.08, up 1.71 percent or 440.88 points, while the S&P 500 settled at 7,398.93, up 0.84 percent or 61.82 points. Meanwhile, the Dow Jones Industrial Average closed at 49,609.16 with a marginal gain of 12.19 points or 0.02 percent.

crude oil

Amidst the increasing tension between America and Iran, rising prices of crude oil remain a topic of discussion. In early trade on Monday, West Texas Intermediate (WTI) rose 3.67 per cent to $99.04 per barrel, while Brent crude rose 3.44 per cent to $104.81 per barrel.

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