Stock Market Today: Indian on the last trading day of August Stock marketA sell-off has been seen since the beginning. The Sensex fell over 200 points, while the Nifty also slipped around the 24,100 level.

As the market opened on Monday, the BSE Sensex fell 133 points to open at 77,130. On the other hand, the Nifty 50 opened down 58 points at 24,117. After that, Sensex fell by 207 points to 77,057 and Nifty by 110 points to 24,064 as selling increased.

HDFC Bank, Eternal and ICICI in Sensex Bank Except most of the shares were seen in red mark.

Weak signals from global markets

Weakness in global markets is also affecting the Indian market. Asian markets registered a major decline on Monday. South Korea’s Kospi fell 3.5 percent and Kosdaq 3.8 percent. Japan’s Nikkei 225 was also down 2.16 percent.

Meanwhile, the Gift Nifty was trading around 24,245, signaling a weak start to the Indian market.

American futures also fell

US stock market futures also saw weakness. Dow Jones futures were down 0.16 percent, S&P 500 futures were down 0.2 percent and Nasdaq-100 futures were also trading lower.

Iran-US tension raises concerns

American near the Strait of Hormuz and Iran Meanwhile, heightened military tensions have raised concerns in global markets. Investors are now keeping an eye on the geopolitical situation. Its effect has also been seen on crude oil prices.

Crude oil boom

Crude oil prices have risen amid global tensions. Brent crude rose 2.44 percent to $90.25 a barrel and WTI crude rose 2.10 percent to $85.15 a barrel.

Gold prices stable

Gold prices were not much changed on Monday after falling more than 3 percent in the previous session. Spot gold remained steady around $4,455 an ounce.