Share market shaken by tension in Middle East, Sensex fell 200 points, condition of Nifty also worsened.

Share Market Today: Due to increasing tension between America and Iran, Indian stock markets once again opened with a red mark on Tuesday. As soon as the market opened, there was a huge decline in both the major indices. In the morning, Sensex was down by 165.65 points or 0.21 per cent at 77,103.72 and Nifty was at 24,052.60, down by 66.70 points or 0.28 per cent.

The banking sector was leading the market decline in early trade. Nifty Bank was at 54,619 with a weakness of 258 points or 0.47 per cent. Apart from this, Nifty Financial Services, Nifty Auto, Nifty Realty, Nifty Infra and Nifty Consumer Durables were the top losers. Whereas, Nifty IT, Nifty Media, Nifty FMCG and Nifty Energy were gainers..

Bullshit prevails in Sensex

Talking about Sensex, selling was clearly visible in this also. Maruti Suzuki, Bajaj Finance, L&T, ICICI Bank, Bajaj Finserv, Sun Pharma, Tata Steel, HDFC Bank, M&M, Trent, Axis Bank, Power Grid, NTPC, Adani Ports, Indigo and HTL Tech were among the losers. While Infosys, TCS, ITC, HUL, Tech Mahindra and Titan were the top gainers in the Sensex pack.

Recession in international markets

Apart from the Indian stock market, if we talk about international markets, most of the global markets were trading with a decline. Major markets like Australia and Hong Kong opened in the red, while Bangkok and Jakarta were trading in the red. Markets in Japan and Shanghai are closed due to national holidays. US markets closed in the red on Monday.

Middle East tension became the reason for the decline

Tension is continuously increasing in the Middle East. US President Donald Trump has claimed that his military has sunk 7 small Iranian ships. Trump said that this attack was carried out when these small ships were attacking ships passing through Hormuz. However, Iran has not given any reply, but has claimed that it has control over Hormuz.

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However, amid the tension, selling of crude oil is being seen. At present, Brent crude was down by 2.02 percent at $ 104.3 per barrel and Brent crude was at $ 113.2 per barrel with a weakness of 1.12 percent.