Share Market Update: Sensex fell by 500 points, Nifty also saw a decline of 200 points, know in which sector there was selling?

Business Desk – Share Market Update: Due to increasing tension in the Middle East, today on Monday, June 8, the Sensex is trading 500 points (0.70%) down at 73,700. Nifty has also fallen by about 200 points (0.80%) to the level of 23,200. In today’s trading session, maximum selling pressure is being seen in IT, metal and realty stocks.

Tension increased after Iran’s attack on Israel

Iran launched a missile attack on Israel for the first time after the ceasefire in April. In response, Israel attacked military targets in western and central Iran early on Monday. There are reports of explosions in Tehran, Tabriz and Isfahan. Due to this, geopolitical tension has increased, the effect of which is visible on the market.

Heavy selling in KOSPI and Nikkei

A huge fall was seen in Asian stock markets on Monday amid weak global market signals. South Korea’s KOSPI index is trading at 7,768, down 375 points (4.49%). At the same time, Japan’s Nikkei index fell by 2,548 points (3.83%) to 64,040. Hong Kong’s Hang Seng index is also trading at 24,700 level, falling 262 points (1.01%).

Huge decline in US markets also

Before Asian markets, US stock markets were also under pressure. The Dow Jones Industrial Average fell 695 points (1.35%) to 50,867, while the Nasdaq fell 1,122 points (4.18%) to 25,709. The S&P 500 index also fell 201 points (2.64%) to close at 7,384.

Selling by foreign institutional investors (FII/FPI) continues in the Indian market. On June 5, FIIs made net sales of Rs 8,776 crore, while domestic institutional investors (DIIs) supported the market by making net purchases of Rs 9,134 crore. In the last 30 days, FIIs have made a total of net sales of Rs 76,006 crore, while DIIs have made net purchases of Rs 95,209 crore.

Sensex closed with a fall of 116 points

On June 5, the Sensex fell 116 points and closed at 74,243. Nifty also fell by 50 points and closed at the level of 23,366. During today’s trading session, maximum selling was seen in metal and IT shares.