stock market crash
Mumbai On Friday, February 27, the trend of decline in the stock market continued. The Bombay Stock Exchange (BSE) 30-share sensitive index declined by 961 points, showing a decline of 1.17 per cent. This index closed at 81,287. Nifty also saw a decline of 318 points, and ended at 25,179 levels. There was a lot of ups and downs in the stock market this week. First the IT sector shares declined, while on Friday there was selling pressure in realty and auto shares also.
Reason for uncertainty in the market
Experts believe that the ongoing conflict between Pakistan and Afghanistan has created uncertainty in the market. Tension has increased between the two countries after the Taliban attacks, which has weakened investor confidence. Apart from this, the fear of obstruction in talks between Iran and America is also affecting the market. If this tension increases, crude oil prices may increase further, increasing the risk of inflation.
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