‘Black Monday,’ of the Iran-Israel war There was a stampede in the stock market; Investors lost ₹13.65 lakh crore in one stroke

Share Market Highlights: Due to increasing conflicts in West Asia, the Indian stock market once again closed with a big fall on Monday, the first trading day of the week. Due to the intensification of the US-Iran conflict, the domestic market’s main benchmarks Nifty50 and Sensex fell by more than 2 percent. Earlier on March 19 also, a big fall was recorded in the market.

At the time of market closing, the 30-share BSE Sensex was down 2.46 percent or 1,836.57 points at 72,696.39, while the NSE Nifty was down 2.60 percent or 601.85 points at 22,512.65.

Reason for decline in stock market

Inflation fears roiled global markets on Monday as the US-Iran war entered its fourth week. indian stock market Heavy selling was seen and the market fell by about 2.5 percent. In intra-day trading, the Sensex opened at 73,732.58 and fell 1974.5 points or 2.64 percent to reach the day’s low of 72,558.44, while the Nifty50 opened at 22,824.35 and fell 643 points or 2.75 percent to 22,471.25.

The Nifty India Volatility Index (India VIX) rose 19.11 percent to 27.17 in Monday’s session. It closed at Rs 26.73 with a gain of 17.17 per cent at the end of trading. Broader markets fell more than benchmark indices. While Nifty Midcap fell by 3.90 percent, nifty smallcap index A decline of 3.94 percent was recorded.

Highest decline in these sectors

Sector wise, Nifty Construction Durable fell by more than 5 percent and became the sector that suffered the most losses. Nifty Realty (4.74 per cent fall) and Nifty Metal (4.97 per cent fall) sectors also performed poorly. Apart from this, Nifty Bank recorded a decline of 3.72 per cent, Nifty Auto 3.16 per cent, Nifty FMCG 2.49 per cent and Nifty IT recorded the lowest decline of 0.18 per cent.

Due to this fall in Sensex, the total market capitalization (market cap) of BSE listed companies declined by about Rs 14 lakh crore, due to which it fell to Rs 415.11 lakh crore from Rs 428.76 lakh crore earlier (Friday).

Trump’s statement spoils market mood

Market expert Sunil Shah said that the first day of the new week was very bad for investors and the Sensex recorded a fall of more than 1,800 points. Explaining the reason for this decline, he said that the developments that came out during the weekend and the statement given by the US President, which said that if the Strait of Hormuz is not opened within 48 hours, Iran will have to face serious consequences, have created a negative environment in the market.

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Iran’s warning to America

The expert said that in response to this statement, Iran has also taken a tough stance and said that if this happens then it will try to damage the infrastructure of the Gulf countries. He said that such statements and tense situation are not at all a good sign for the market and if the situation worsens further, the impact may be deeper.