Share Market Crash: Sensex opened at 79019, Nifty also fell due to heavy losses in IT shares.

Indian Stock Market Crash: The domestic stock market has had a very weak start today. BSE Sensex opened at the level of 79019 with a huge fall of 253 points. At the same time, NSE Nifty has also suffered a loss of 105 points and reached 24470. This decline is mainly due to negative signals from global markets.

Huge loss in IT shares

A huge fall has been seen in the shares of major IT companies in today’s business. Shares of HCL Tech fell 8.62 percent to Rs 1317 in early trade. Shares of Infosys and TCS also declined by 2.79 per cent and 1.48 per cent respectively.

fall in value of rupee

Along with the share market, weakness has also been seen in the Indian currency market today. The rupee has fallen by 21 paise against the US dollar today. After this fall, the price of one US dollar has reached the level of Rs 93.71.

impact of global markets

Today, the clear impact of international markets is visible on the Indian Share Market. Gift Nifty is also trading at 24,421 with a decline of about 160 points. American stock markets have also closed in the red, which has broken the morale of investors.

America and Iran tension

Global geopolitical tension is also a major reason for this nervousness in the share market. There is still uncertainty regarding the ceasefire between America and Iran. Due to the continued blockade of the Strait of Hormuz, investor confidence in the market has been shaken.

hcl results

HCL Technology, a major company in the IT sector, has declared its quarterly results. The company has registered a profit growth of 10 percent in its last quarter. Along with this, the company has also declared a dividend of Rs 24 per share for the investors.

Mixed trend of Asian markets

A mixed trend of trading was seen in Asian markets on Wednesday morning. Japan’s Nikkei index rose 0.20 percent while the Topix fell 0.62 percent. South Korea’s Kospi has also registered a slight decline of 0.03 percent.

American stock market situation

American stock markets closed in the red on Tuesday with a heavy fall. The Dow Jones Industrial Average fell 292 points and closed at 49,149. The S&P 500 also fell 45 points to 7,064, raising fears of a global recession.

Also read: Apple CEO Tim Cook is resigning… Know what is his net worth?

Expert advice for investors

Market experts believe that the trend of the share market still remains positive. This will largely depend on global developments and crude oil prices. Therefore, investors should keep an eye on foreign events and news of peace talks.