Due to deepening crisis in West Asia, huge fall in stock market, Sensex fell by 1123 points, Nifty below 24500.

Mumbai, 4th March. The impact of the rise in crude oil prices was clearly visible on the Asian stock market amid the deepening crisis in West Asia due to the ongoing joint air strikes by America and Israel on Iran. In this sequence, there was a huge decline in the Indian stock market on Wednesday and major stock indices BSE Sensex fell by 1.40 percent and NSE Nifty fell by 1.55 percent.

Sensex 1122.66 by falling points 79,116.19 off on

Bombay Stock Exchange (BSE)’s 30-share sensitive index Sensex fell for the fourth consecutive session, falling 1,122.66 points or 1.40 per cent to close at 79,116.19. At one point in the day’s trading, it fell 1,795.65 points or 2.23 percent to a low of 78,443.20. However, some of the losses were recovered in the second half of the session. Among Sensex related companies, shares of only three were in profit while 27 were in decline.

nifty 385.20 by falling points 24,480.50 off on

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), fell 385.20 points or 1.55 percent and closed at 24,480.50. This is the lowest closing level in the last six months. During the day, Nifty fell 560.3 points or 2.25 percent to 24,305.40. Among Nifty related companies, 46 stocks remained weak and only four registered gains. In the broader market, Nifty Midcap and Smallcap indices also fell by around 2 per cent.

Except IT, almost all major sectoral indices closed in the red.

Amid all-round selling, almost all major sectoral indices closed in the red. Infra, PSU bank, realty, media, oil & gas, auto and metal sectors recorded a decline of 2% to 4%. Only the IT index closed almost flat.

Investors lost Rs 10.10 lakh crore

The total market capitalization of companies listed on BSE declined to Rs 446.80 lakh crore in a single session, which was Rs 456.90 lakh crore on the previous trading day. In this way, the market cap of companies listed in BSE decreased by about Rs 10.10 lakh crore. In other words, there was a decline of about Rs 10.10 lakh crore in investors’ wealth.

Tata Steel’s stocks are the highest 6.76 percentage broken

Among the companies included in the Sensex group, Tata Steel’s stock fell the most by 6.76 percent. This was followed by Larsen & Toubro (4.53 percent). Bajaj Finance, UltraTech Cement, NTPC, InterGlobe Aviation, Bajaj Finserv and Kotak Mahindra Bank also declined significantly. On the other hand, Bharti Airtel, Infosys and Tech Mahindra were among the gainers.

FII has 3,295.64 Sold shares worth crores of rupees

According to stock market data, on Monday, foreign institutional investors (FIIs) sold shares worth Rs 3,295.64 crore while domestic institutional investors (DIIs) bought shares worth Rs 8,593.87 crore. Markets were closed on Tuesday on the occasion of Holi. Global oil benchmark Brent crude jumped 3.08 percent to $83.91 per barrel.

Rupee falls 67 paise to close at new record low

Meanwhile, the Indian rupee on Wednesday declined by 67 paise to reach a new record low of 92.14 against the dollar. Earlier on Monday, the rupee had closed at 91.47 per dollar.