Share Market: Stock market crashes due to fear of war in the Middle East, Sensex opened 77631 points lower and Nifty 24233 points lower.

Indian Share Market Down Today: The Indian stock market opened with a decline on Friday due to increasing tension between America and Iran. During this period, Sensex was at 77,631.94 with a weakness of 212.58 points or 0.27 percent and Nifty was at 24,233.65 with a fall of 93 points or 0.38 percent.

Broader markets were seen falling in early trade. Auto and banking shares were leading the weakness. Among the indices, Nifty Auto, Nifty Private Bank, Nifty Financial Services, Nifty Oil&Gas, Nifty Services, Nifty PSU Bank, Nifty Consumption, Nifty PSE and Nifty Commodities were in the red. Nifty India Defence, Nifty Pharma and Nifty IT were in the green.

Mixed trading in midcap and smallcap

Mixed trading is going on in midcap and smallcap. The Nifty Midcap 100 index was down 76 points or 0.12 per cent at 61,926.35 and the Nifty Smallcap 100 index was up marginally by 8 points at 18,701.

Tech Mahindra, Asian Paints, Infosys, HCL Tech, Adani Ports, Titan, Bharti Airtel, Sum Pharma, Indigo and TCS were the gainers in the Sensex pack. Axis Bank, M&M, HDFC Bank, Eternal, Bajaj Finance, Maruti Suzuki, UltraTech Cement, NTPC and Tata Steel were the losers.

Decline seen in Asian markets

Due to tension between America and Iran, most of the Asian markets are witnessing a decline. Tokyo, Shanghai, Hong Kong, Jakarta and Seoul were in the red. Only Bangkok was in the green. American stock markets also closed with a decline on Thursday. During this period, a weakness of 0.63 percent was seen in the main index Dow Jones and 0.13 percent in the technology index Nasdaq.

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Experts said that the process of increasing and decreasing tensions is going on in West Asia, due to which fluctuations are being seen in the prices of crude oil. A significant market trend amid this crisis is that despite geopolitical tensions, some markets are performing extremely well, while some others are underperforming. South Korea and Taiwan are this year’s best performers, with returns of 71 percent and 40 percent, respectively. Some AI stocks are a major contributor to this return.