Big fall in stock market due to Middle East tension, Sensex fell by 561 points, Nifty closed below 24,100.

The effect of increasing tension between America and Iran in West Asia and rise in crude oil prices was clearly visible on the Indian stock market on Tuesday. Amidst selling pressure throughout the day BSE Sensex fell 561.46 points to 77,054.94 closed on, while NSE Nifty fell 158.95 points to 24,052.05 and closed below the important level of 24,100.

all-round selling in the market

Almost all major sectors remained under pressure in Tuesday’s trading session. According to market data Increase in 1,422 sharesWhereas 2,632 shares fell Was recorded. around there 190 shares There was no change.

Out of 50 major stocks of Nifty-50 39 shares red mark I closed in. Apart from this, weakness was also seen in midcap and smallcap stocks. Nifty Midcap 100 Index 0.6 percent And Nifty Smallcap 100 Index 1% Fell till.

Realty and auto sector most affected

If we talk about sectoral index Nearly 2 percent in Nifty Realty Index The biggest decline was recorded. Other than this PSU Bank 1.86 percent, Auto sector 1.65 percent, Banking sector 1.20 percent And IT sector 1 percent Remained weak till.

Major falling stocks of Nifty HCL Technologies, Shriram Finance, HDFC Life, Tata Motors and Jio Financial Services Stay involved.

Pharma sector showed strength

Pharma sector gave some relief to investors amid weak market. Nifty Pharma index up 1.02 percent closed with. Bharti Airtel, Apollo Hospitals, Sun Pharma and Cipla Good buying was seen in the shares.

Middle East crisis became a major reason for the decline

According to experts, the main reason for this big fall in the market is the increasing geopolitical tension in West Asia. The increasing conflict between America and Iran and news of American attacks have increased the concern of global investors.

Along with this, the American President donald trump By Hormuz Strait The announcement of new sanctions on Iranian trade has increased fears over the supply of crude oil. The rise in oil prices has a direct impact on the economy of importing countries like India. Due to this apprehension, investors adopted profit booking and selling stance in the market, due to which a sharp decline was recorded in the Indian stock market.