8 lakh crore lost as soon as the stock market opened: Investors scared of Donald Trump’s threat, Sensex fell by 1800 points and Nifty by 550 points.

Share Market Crash: Today a huge decline is being seen in the stock market. Asian markets have declined due to increasing tensions in West Asia. Its effect is clearly visible on the domestic stock market also. The Sensex is trading at 72,700, down by about 1,800 points. At the same time, Nifty has also fallen by about 550 points to the level of 22,650.

Today the biggest decline is being seen in the shares of banking, auto, FMCG and IT sectors. All 30 stocks included in Sensex are trading in the red today. Due to this decline, the total market capitalization of BSE listed companies has reduced by Rs 7.74 lakh crore to Rs 421 lakh crore.

Meanwhile, the rupee hit its all-time low against the US dollar in early trade. During early trading hours, the rupee weakened 0.1 per cent to 93.83 against the American currency.

In the previous session, the rupee had closed at 93.53 per dollar in the interbank foreign exchange market, a huge fall of 64 paise. Amid increasing global tensions, the rupee is currently under pressure due to continuous outflow of foreign capital and huge rise in crude oil prices.

Which stocks fell the most?

28 out of 30 Sensex stocks have declined, while 48 out of 50 Nifty stocks are trading down. The biggest decline has been seen in Tata Steel, Hindalco Industries and JSW Steel. In contrast, ONGC and HCL Tech have registered gains. At the same time, NSE Nifty India Volatility Index increased by 10 percent to 25.09. This is an indication of the fear spread among investors.

In the broader market, the Nifty Midcap index fell 1.90 per cent, while the Nifty Smallcap index fell 2.18 per cent. Sector-wise, the Nifty PSU Bank index has seen the biggest decline, down nearly 3 per cent.

A decline has also been seen in Nifty Bank and Nifty Metal indices. Meanwhile, crude oil prices have increased. Brent crude is trading at $113 a barrel, up 77 cents. The US benchmark, WTI crude, rose 1.05 percent to $99.26 a barrel.

Why did the stock market fall?

US President Donald Trump has warned that if Iran does not reopen the Strait of Hormuz within 48 hours, its power plants will be destroyed. Due to this, a huge decline was seen in Asian markets today. South Korea’s stock market fell by about six percent as soon as it opened. Japan’s stock market also saw a decline of more than four percent.