Share Market Crash Today: There was panic in the stock market as soon as it opened, Sensex fell by 700 points, know the 5 big reasons for the fall.

Business Desk – Share Market Crash Today: Friday was a very weak start in the Indian stock market. As soon as the market opened, the selling pressure among investors increased so much that the Sensex fell by almost 700 points to the level of 75,613. At the same time, Nifty was also seen slipping by about 200 points and trading at 23,646.

This big fall for the second consecutive day has increased the concern of investors. Especially the maximum pressure was seen in the shares of auto, metal and realty sectors. The rising prices of crude oil along with global cues are also being considered a major reason behind this weakness in the market.

Crude oil crosses 100 dollars, new concern increases

The biggest reason for panic in the market is the sharp rise in the prices of crude oil in the international market. Brent crude has crossed $100 per barrel. Experts say that if tensions between America, Israel and Iran increase further, the price of crude oil may reach $ 120 per barrel. India imports a large part of its requirement, hence the cost of oil can have an impact on petrol-diesel, transportation costs and inflation. This fear is currently weighing heavily on the stock market.

Weak signals from markets around the world

The weakness of the Indian market is not alone. Major stock markets of Asia were also seen trading in the red on Friday. South Korea’s Kospi fell 5.46 percent, Japan’s Nikkei fell 2.79 percent and Hong Kong’s Hang Seng fell 1.32 percent. Earlier on Thursday, American markets also closed under pressure. Dow Jones fell 507 points, Nasdaq 553 points and S&P 500 also recorded a fall of 91 points. The impact of these weak signals from global markets was clearly visible on the confidence of Indian investors.

Selling by foreign investors increased pressure

Another big pressure on the market is the continuous selling by foreign investors. In the last 7 trading days, foreign institutional investors (FIIs) have sold shares worth Rs 3,289 crore. Their total sales in the last 30 days have reached Rs 11,359 crore. Although domestic institutional investors (DIIs) are continuously buying, the impact of selling by foreign investors is more visible at the moment.

Market fell for the second consecutive day

The stock market had closed with a decline on Thursday also. That day Sensex fell 364 points to close at 76,391 and Nifty fell 127 points to close at 23,870. Now the big fall in early trading on Friday has indicated that there may remain instability in the market for the time being. Investors will now keep their eyes on global developments, movement of crude oil and activities of foreign investors.