Share Market Crash: Trump’s decision wreaked havoc in the Indian market, Sensex fell by more than 800 points

Share Market Crash Today: A lot of activity was seen in the Indian stock market on the first day of the trading week. The market fell flat as soon as it opened on Monday. US President Donald Trump announced the rejection of Iran’s peace proposal. Whose direct impact was clearly visible not only on the global market but also on the Indian stock market.

As soon as the markets opened this morning, BSE Sensex fell by about 0.89% or 830.25 points to the level of 76,638.09. Earlier, before the market opened, this fall in pre-opening was 690 points. The selling increased further as soon as the market opened. Similarly, Nifty 50 also saw a decline of 1.02 percent or 245.50 points. Nifty is currently down by 23,930.65 points.

Strength in largecap and midcap

Along with largecaps, midcaps and smallcaps were also trading strongly. The Nifty Midcap 100 index was at 61,487, down 423 points or 0.66 per cent, and the Nifty Smallcap 100 index was at 18,623, down 84 points or 0.45 per cent.

Titan, Indigo, Eternal, SBI, SBI, M&M, Bharti Airtel, Bajaj Finserv, Maruti Suzuki, HDFC Bank, UltraTech Cement, Trent, HUL, Power Grid, Axis Bank, ITC, Asian Paints, Kotak Mahindra Bank and TCS were the losers in the Sensex pack.

Mixed start for Asian markets

Mixed trading is taking place in Asian stock markets. Tokyo, Hong Kong and Jakarta were in the red. Whereas, Shanghai, Bangkok and Seoul were in the green. American stock markets closed in the green on Friday. During this period, the main index Dow Jones remained flat. At the same time, technology index Nasdaq closed with a gain of 1.71 percent.

Trump rejected Iran’s proposal

The reason for the fall of global markets along with India is US President Donald Trump not accepting Iran’s peace proposal. Trump wrote on social media that I read the answers of the Iranian representatives. I don’t like this and it cannot be accepted.

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According to reports, the peace proposal sent by Iran through Pakistan talked about ending the war, opening the Strait of Hormuz and talks on the nuclear program, but America is adamant on demands like handing over uranium, due to which a situation of tension remains between the two countries.