New Delhi. On Tuesday, the second trading day of the week, the stock market opened in the red with a decline. Due to deepening geopolitical tensions in West Asia and rising crude oil prices, there has been a huge decline in the stock market in early trading.
The market is showing decline for the second consecutive day. Sensex is down by 768 points, while Nifty is down by 210 points.
Bombay Stock Exchange (BSE) Sensex is trading at 75,246.44 with a decline of 768.84 points or 1.01 percent. Similarly, Nifty of National Stock Exchange (NSE) is also trending at the level of 23,605.80, slipping by 210.05 points or 0.88 percent.
According to experts, the continuous withdrawal of foreign funds and the crisis over peace talks between America and Iran have weakened the confidence of investors.
The pressure on the domestic currency has increased due to the rise in crude oil prices due to rising tensions between America and Iran in West Asia and fading hopes of an agreement. At the same time, the Indian currency rupee has fallen by 35 paise in early trade today and has reached its lowest level of 95.63.
It is noteworthy that earlier the stock market had closed with a decline. The Sensex closed at 76,015, down 1,313 points. At the same time, Nifty also closed at 23,815 with a fall of 360 points.
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