Share Market Crash: Big fall in share market, Sensex falls by 1000 points; Thousands of crores of people died due to these 3 reasons

Share Market Crash: The Indian stock market seems to be crashing once again. After a strong start on Thursday, the fourth trading day of the week, both the market indices suddenly fell apart badly. Bombay Stock Exchange’s 30-share Sensex (BSE Sensex) took a dive of 1034 points and fell below the level of 82,000, while on the other hand, National Stock Exchange’s Nifty index (NSE Nifty) also slipped by 250 points. There are many reasons behind this sudden decline in the stock market.

During the initial trading in the stock market, the BSE Sensex opened at a higher level of 83,969 compared to its previous closing of 83,734 and then after trading in the green zone for some time, its trend suddenly changed and the initial rise turned into a sharp fall. Till the time of writing the news, Sensex was trading at 82,676 after slipping 1057 points.

Due to the decline in the stock market

Like Sensex, NSE Nifty also had the same condition. This 50-share index opened at a level of 25,873 with a rise compared to its previous closing of 25,819 and then suddenly fell by around 250 points to 25,567. If we look at the three major reasons behind the sudden crash,…

1. Profit booking

After prolonged fluctuations in the stock market, the bullish trend was going on continuously for the last three days, but during the early trading on Thursday itself, tremendous profit booking was seen, due to which Sensex-Nifty came under pressure and broke down heavily.

2. FPI selloff

The impact of AI on the stock market, especially on the shares of IT companies, does not seem to be reducing yet. Looking at NSDL data, foreign investors sold IT shares worth Rs 10,956 crore in 15 days of this month and their holdings declined by 16%.

3. US-Iran tension

If we talk about the third reason for the stock market crash, then the impact of the increasing tension between America and Iran (US-Iran Tension) is visible. In fact, tension in both the countries has started increasing the prices of crude oil and spoiling the market sentiment. Brent Crude Oil Price has increased by more than 1 percent on Thursday and has crossed $ 71 per barrel. There was a big rise in it on the last trading day also.

These 10 shares fell the most

Talking about the stocks that fell the most amid the Stock Market Crash, 29 out of 30 stocks included in the largecap category of BSE were trading in the red zone. Kwality Wall Share (5%), Trent Share (3.20%), IndiGo Share (2.60%), M&M Share (2.30%) were trading with losses.

Also read: Share Market: Great rise in the share market, Sensex opened strongly at 83969 and Nifty at 25873 levels.

Midcap stocks fall

Among midcaps, Persistent Share (4.10%), Paytm Share (3.50%), Hindustan Petroleum Share (3.40%), Dixon Share (2.50%) were trading down. Other than this small cap stocks Cohance Share (4%) and IIFL Share (3%) were broken in.