Stock market falls due to uncertainty regarding ceasefire, Sensex falls by 931 points, Nifty weakens by 222 points.

Mumbai, 9 April. The Indian stock market fell on Thursday after rising for five consecutive trading sessions amid uncertainty over the ceasefire in West Asia. BSE Sensex fell by 931 points while NSE Nifty declined by 222 points.

The biggest rise in 5 years was seen a day ago

It is noteworthy that after the ceasefire between America and Iran was agreed for two weeks in the early hours of Indian time on Wednesday, the domestic stock market had seen the biggest rise in the last five years. In this sequence, Sensex had risen by 2,946.32 points while Nifty had gained 873.70 points.

But soon after the ceasefire was announced, Iran again closed the Strait of Hormuz in protest against Israeli attacks on Lebanon, due to which uncertainty about the ceasefire agreement has increased. Weak trend in other markets in Asia and Europe, rise in crude oil prices and continuous withdrawal of foreign institutional investors also increased the concern of investors in the domestic market.

Sensex 1.20 percentage breakdown 76,631.65 closed on points

The 30-share sensitive index Sensex of Bombay Stock Exchange (BSE) closed at 76,631.65 points, falling 931.25 points or 1.20 percent. During trading, it fell 1,215 points to 76,347.90. Among Sensex related companies, shares of nine were in profit and 21 were in weakness.

nifty 0.93 percentage breakdown 23,775.10 closed on points

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), fell by 222.25 points or 0.93 percent and closed at 23,775.10 points. Among the Nifty related companies, 21 stocks remained in the green and 29 recorded a decline.

InterGlobe Aviation’s stocks fell the most by 3.64 percent.

Among Sensex group companies, InterGlobe Aviation’s stock fell the most by 3.64 percent. Larsen & Toubro, Eternal, HDFC Bank, ICICI Bank and Kotak Mahindra Bank were also major losers. On the other hand, shares of Bharat Electronics, Power Grid, NTPC and Tata Consultancy Services rose.

FII has 2,811.97 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,811.97 crore on Wednesday. However, domestic institutional investors (DIIs) bought shares worth Rs 4,168.17 crore. Meanwhile, global oil standard Brent crude rose 3.27 percent to $97.85 per barrel.