- Sensex bounces back after falling
- 16 out of 30 stocks in Sensex fall
- Global oil boom
Share Market Update: A war situation broke out on a global scale and affected all areas. The Iran crisis deepened and crude oil prices rose sharply. This affected the domestic stock market. As the war started, there has been a lot of confusion in the domestic stock market. During this period, the stock market rose and fell many times. All this had a huge impact on the Sensex.
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Sensex bounces back after falling
The Sensex went down sharply from the start. But at 2.47 pm the Sensex was trading at 75,533.51, up 969.59 points or 1.30%. While the Nifty gained 265.80 points or 1.15% to 23,416.90 points. During the trade, the Sensex rose by more than 1,000 points and fell by more than 500 points. Earlier it had fallen for three consecutive days.
16 out of 30 stocks in Sensex fall
16 out of 30 stocks in the Sensex opened lower. The gainers were Ultratech Cement, Indigo ITC, Kotak Bank, Tata Steel, Sun Pharma, NTPC and Power Grid. On the other hand, BEL, Mahindra & Mahindra, Bharti Airtel, Infosys, Asian Paints and Tech Mahindra declined. Sector-wise, Nifty Oil & Gas was the biggest loser at 1 percent. Nifty Metal rose 0.5 percent. On the NSE, 1,633 shares declined, 757 shares advanced and 118 shares remained unchanged. In the broader market, Nifty Midcap fell 0.58 percent and Nifty Smallcap 1.04 percent.
Global oil boom
Crude oil was up 1.31 percent at $104.5 a barrel. US President Donald Trump has threatened to target oil facilities on Kharg Island, an oil hub in Iran. According to media reports, Iran-backed rebel groups have warned of jumping into war against the US and Israel. If they dive into the Gulf of Bab-al-Mandeb, it could cut off another oil route. 6 million barrels of crude oil travel through here every day.
What is the status of the dollar?
The dollar index eased slightly to 100.20, but remained close to last week’s 10-month high. The euro rose 0.14 percent to $1.1433, while sterling added 0.17 percent to $1.3245. The yen was close to the 160 per dollar level and was last at 159.44.
How much effect on gold prices?
Gold prices were flat today after falling 1 percent at the start of the session due to a weaker dollar. Spot gold was unchanged at $5,017.53 an ounce, while U.S. gold futures for April delivery fell 0.8 percent to $5,020.90. Spot silver rose 0.4 percent to $80.88 an ounce.
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