Chaos in Share Market: Due to war, Sensex opened with a fall of 2743 points and Nifty by 519 points.

Impact Of Iran Israel War On Indian Share Market: As soon as the market opened this morning, only the noise of selling was heard everywhere and only red marks were visible on the screen. The war that broke out between Iran and Israel created panic in the hearts of Indian investors due to which the market collapsed like a house of cards. This fire of war not only sank the Sensex and Nifty but has also created a new fear of rising inflation for the general public. It was a morning when every small and big investor in the market had his eyes fixed only on the news of war and his falling portfolio.

historical market decline

This Monday morning was no less than a nightmare for the Indian stock market because as soon as the market opened, heavy selling started all around. BSE Sensex opened with a massive fall of 2743 points at 78543, wiping out trillions of rupees of investors in a moment. Similarly, Nifty of National Stock Exchange also opened 519 points down at 24659 and Rupee also weakened to 91 against the dollar.

deep impact of war

Tension has increased further in the Middle East after the death of Iran’s supreme leader Ayatollah Ali Khamenei which has shaken global markets. The impact of this geopolitical instability was clearly seen not only in India but also on other big markets of America and Asia like Japan’s Nikkei. Investors have started withdrawing their money from risky stocks and investing in safe places like gold and silver, due to which their prices have increased significantly.

rising oil prices

Due to the military conflict between Iran and Israel, the prices of crude oil have increased by more than 7 percent, which can spoil the budget of the common man. The price of Brent crude oil rose 7.60 percent to $ 78.41 per barrel as attacks on ships in the Strait of Hormuz raised concerns. Fears of supply disruptions have pushed global oil prices to their highest levels in months, which will further fuel inflation.

Glimpse of economic data

Even though there has been a huge decline in the market today, India’s growth rate figures raise a new ray of hope even in these difficult times. India’s economic growth for the October-December quarter stood at 7.8 percent, a much better performance than 7.4 percent in the previous corresponding period. Along with this, the GST collection for February has also been Rs 1.83 lakh crore, which explains the strong internal economic condition of the country and better tax management.

Also read: How expensive will diesel-petrol and gold-silver be, what will be the impact of Middle East tension on India? Know all the equations here

advice for investors

Market experts believe that in this war situation, investors should be patient and should not sell any shares without thinking. In the coming time, the movement of the market will largely depend on the war in the Middle East and global signals, hence being cautious is the best option. This is the time to review the portfolio and not take wrong decisions out of fear as the fundamentals of the Indian economy are still strong.