Share Market Update: Sensex fell by 1400 points, all 30 shares fell, Nifty also slipped by 450 points.

Read Desk. Due to the ongoing conflict between America, Israel and Iran, a decline is being seen in the stock market today on April 2. Sensex is trading at 71,700 level, down by about 1,400 points (2%). At the same time, Nifty has also fallen by 450 points (2%) and is currently trading at the level of 22,250. The biggest decline is being seen in banking, metal, pharma and auto stocks today.

3 main reasons for market decline

Supply chains have been disrupted due to the conflict between America, Israel and Iran.
Crude oil prices have increased to $106 per barrel.
The decline in Asian markets is also affecting India.

Asian markets fall

South Korea’s KOSPI index is trading at 5,268, down 4%.
Japan’s Nikkei index is trading at 52,557, down 2%.
Hong Kong’s Hang Seng index traded at 25,012, down 1%.
China’s Shanghai Composite index is trading at 3,927, down 0.5%.

Rise in American markets on April 1

The Dow Jones closed at 46,565, a rise of 224 points (0.48%).
The tech-heavy Nasdaq Composite index closed at 21,840, up 1.16%.
The S&P 500 index closed at 6,575, a gain of 46 points (0.72%).

Crude oil rises 5%, reaches $106 per barrel

Crude oil prices have risen by almost 5% today, reaching $106 per barrel. Before the conflict involving Iran broke out on February 28, crude oil prices were hovering around $70 per barrel.

The market was bullish yesterday

Earlier yesterday on April 1, there was a rise in the market. Sensex closed at 73,134 with a gain of 1,187 points (1.65%). At the same time, Nifty also closed at the level of 22,679 with a gain of 348 points (1.56%).

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