The effect of the ongoing tension in the Middle East is now being seen all over the world. The stock market has crashed on the very first day of this week. On Monday, Japan’s benchmark stock index Nikkei 225 recorded a huge fall. The Nikkei 225 fell nearly 6.2 percent to 52,166.92 soon after trading began Monday morning. Along with this, impact was also seen in the markets of South Korea and America.
After the attack by America and Israel, Iran started retaliating, due to which the situation is becoming worrying. There is a rise in the prices of crude oil, which is a sign of increasing inflation all over the world. A lot of ups and downs are being seen in the stock markets. Last week, a lot of ups and downs were seen in the Indian stock market. Last Friday, BSE Sensex had closed with a fall of 1097 points, while NSE Nifty Fifty had closed with a fall of 315 points. Now the trend of last week is likely to continue this week also.
Also read: ‘Only idiots…’, how did Donald Trump console when oil became expensive?
Indian stock market boom
At the beginning of trading in the stock market this week, BSE Sensex opened at 77,056.75 with a huge fall compared to its previous trading close of 78,918.90. Within a few minutes of the market opening, this index fell by more than 2400 points to 76.424. On the other hand, NSE’s Nifty also opened at 23,868, slipping from last Friday’s closing of 24,450 and then like the Sensex, it also slipped by more than 700 points to the level of 23,697.
Asian market also crashes
Asian markets declined by 6 percent on Monday. The main reason behind this is the rise in oil prices due to the ongoing war in the Middle East. For the first time after 2022, oil prices crossed the level of $ 100 per barrel. Japan’s Nikkei 225 index fell 6.22 percent to below the 53,000 level for the first time since February 6, while Topix fell 5.27 percent. The fall in the Kospi index triggered circuit breakers and trading was halted for 20 minutes.
Shares fell from Indigo to SBI
Due to the huge fall in the stock market, red color is visible in all categories from large cap to small cap. Talking about the biggest falling shares, in largecap, Indigo shares were trading with a decline of 8 percent, SBI shares by 5.90 percent, Tata Steel shares by 4.99 percent, Asian Paints shares by 4.71 percent, LT shares by 4.7 percent, Maruti shares by 4.67 percent, Axis Bank shares by 4.02 percent and Adani Ports shares by 3.80 percent. In midcap, major stocks like Hindustan Petroleum, Federal Bank were also trending downwards.
Also read: Government will give clarification on Middle East-America, Foreign Minister will speak in Parliament today
Bad situation from America to Korea
Last week, along with the Indian market, the American market also crashed. Last week, on Friday, the last trading day, Dow Futures in America closed down by 1120 points or 2.36 percent, while Dow Jones closed down by 453 points at 47,522. Apart from America, the stock markets of countries like Japan and Korea also crashed. Japan’s Nikkei crashed badly and South Korea’s Kospi slipped 440 points to 5,096.
Comments are closed.