Share Market Crash: Sensex fell by 1600 points, Nifty fell by 500 points; Know in which sector there is outcry?

Today, on March 23, a huge decline is being seen in the stock market. Sensex is trading at 72,900, down about 1,600 points. At the same time, Nifty is also trading at the level of 22,650, falling by about 500 points. Today the biggest decline is being seen in banking, auto, FMCG and IT stocks. All 30 stocks included in the Sensex are trading with a decline today.

3 main reasons for market decline…

Supply chains have been disrupted due to the ongoing conflict between America, Israel and Iran. Crude oil prices have increased to $114 per barrel. The decline in American and Asian markets is also affecting India.

Asian markets fall

Japan’s Nikkei index is trading at 51,582, down 3.35%.
South Korea’s KOSPI index is trading at 5,456, up 5.62%.
Hong Kong’s Hang Seng index is trading at 24,424, down 3.37%.
China’s Shanghai Composite Index is trading at 3,866, down 2.29%.

American markets fall

The Dow Jones closed at 45,577, down 443 points (0.96%).
The tech-heavy Nasdaq Composite closed at 21,647, down 2.01%.
The S&P 500 index closed at 6,506, down 100 points (1.51%).
Crude oil prices increased by 1%, reaching $106 per barrel.

Amid the ongoing conflict between America, Israel and Iran, a rise in crude oil prices is being seen today. Brent crude is trading above the $108 per barrel mark today, up more than 1%. At the same time, the price of Indian Basket has reached $156 per barrel.

Rupee reaches record low of 93.86

The rupee fell to its all-time low against the US dollar as markets opened on Friday, amid the ongoing conflict involving Iran in the Gulf region. The rupee weakened by 33 paise to 93.86 against the dollar.

FII selling in Indian market

Foreign institutional investors (FIIs) made a net sale of Rs 5,518 crore on March 20. During the same period, domestic institutional investors (DIIs) bought a total of Rs 5,706 crore. So far in the month of March, FIIs have withdrawn Rs 86,780 crore, while DIIs have purchased Rs 101,168 crore.

Market boom on Friday

Earlier, especially on Friday, March 20, there was a rise in the stock market. Sensex closed at 74,532, up 325 points (0.44%). Similarly, Nifty also closed at 23,114, up 112 points (0.49%).

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