Stock market again crashed due to rise in crude oil, Sensex fell by 1837 points, Nifty near 22500.

Mumbai23 march. Due to the weak trend of global markets due to the rise in crude oil prices amid the ongoing war in West Asia, the Indian stock market again looked bullish. On Monday, the first day of the trading week, BSE Sensex fell by 1,837 points and slipped below 72,700, while NSE Nifty slipped by 602 points to near 22,500.

If we look at it, the Israel-America vs Iran war, which started on February 28, has now reached its fourth week. Due to this, investors are avoiding taking risks in view of rising crude oil prices, continuous capital withdrawal by foreign institutional investors and falling rupee exchange rate. In fact, since the beginning of the conflict, the BSE Sensex has fallen by 8,590.8 points or 10.56 percent while the Nifty has fallen by 2,666 points or 10.58 percent.

Sensex 2.46 percentage breakdown 72,696.39 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 72,696.39 points, falling 1,836.57 points or 2.46 percent. At one time during trading, it had fallen by 1,974.52 points to 72,558.44 points. Among Sensex related companies, shares of 26 remained in the red and only four showed strength.

nifty 601.85 by rolling points 22,512.65 off on

On the other hand, the 50-share sensitive index Nifty of National Stock Exchange (NSE) fell by 601.85 points or 2.60 percent and closed at 22,512.65 points. Among Nifty related companies, shares of only four were in profit and 46 were in decline. If we look at the broader market, the BSE Midcap Select index of medium companies lost 3.82 percent, while the Smallcap of small companies lost 3.66 percent.

Investors lost Rs 14 lakh crore

Amid all-round selling, the market cap of BSE listed companies declined to Rs 4,15,11,534.52 crore in a single session, which was Rs 4,29,11,487.59 crore in the previous trading session. In this way, the market cap of companies listed in BSE decreased by Rs 13,99,953.07 or Rs 14 lakh crore on Monday. In other words, investors suffered a loss of about Rs 14 lakh crore.

Titan’s stock is the highest 6.24 percentage fell

Among the companies included in the Sensex group, Titan’s stock fell the most by 6.24 percent. Apart from this, Trent, UltraTech Cement, Bharat Electronics, InterGlobe Aviation, Tata Steel and HDFC Bank were also major losers. On the other hand, stocks with gains include HCL Tech, Power Grid, Infosys and Tech Mahindra.

brent crude 0.97 percentage increase 113.3 reached dollar per barrel

Global oil benchmark Brent crude rose 0.97 percent to $ 113.3 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 5,518.39 crore on Friday. At the same time, domestic institutional investors (DIIs) bought shares worth Rs 5,706.23 crore.

FIIs have invested approx. so far this month 9.6 Withdraw billions of US dollars

Foreign investors have withdrawn Rs 88,180 crore (about US$9.6 billion) from the Indian stock market so far this month.