Share Market: Due to decline in Indian stock market, Sensex opened below 74000, Nifty fell heavily.

Huge Indian Share Market Crash: The increasing war tension between America and Iran has badly affected the Indian stock market. This severe tension and the continuous selling in the global markets has greatly increased the concern of all investors. Apart from this, high crude oil prices and rising inflation concerns have also had a negative impact on the market. As soon as the market opened on Thursday morning, it hit the red mark, due to which an atmosphere of great panic and fear has completely spread in the entire business environment.

This decline in the domestic stock market is showing no sign of stopping and the situation is bad. Today, Sensex, the main sensitive index of 30 shares of BSE, opened at the level of 73935 with a huge loss of 410 points. On the other hand, NSE’s fifty-share benchmark index Nifty also started Thursday’s trading at the level of 23283 with a huge fall of 123 points. Investors’ eyes are now completely focused on US-Iran talks, oil prices and further activities of foreign investors.

Market condition on Wednesday

Even on Wednesday’s trading day, the domestic stock market closed under heavy pressure for the second consecutive day. BSE Sensex fell 303.67 points or 0.41 percent and closed at 74,346.17. Along with this, Nifty 50 also fell by 77.95 points or 0.33 percent and closed at 23,405.60.

On Thursday morning, Asian markets also witnessed tremendous weakness and heavy selling. Japan’s Nikkei 225 fell about 1.4 percent, while South Korea’s Kospi was down about 2 percent. In the American stock market too, Dow Jones closed down by 620 points and S&P 500 fell by 0.74 percent.

GIFT NIFTY AND FOREIGN INVESTORS

GIFT Nifty was also seen trading around 23,346, which is 170 points below the previous closing level. On Wednesday, foreign institutional investors (FIIs) made a huge net withdrawal of Rs 5,616.56 crore from the Indian market. On the contrary, domestic institutional investors (DIIs) supported the market by buying shares worth Rs 5,740.89 crore.

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price of crude oil

In this environment of huge uncertainty, Brent crude fell by 0.69 percent in the international market to the level of $ 97.14 per barrel. American WTI crude was also seen trading at $ 95.4 per barrel during this period.