Share Market Update: Sensex fell by 600 points, Nifty fell by 200 points, selling in auto and banking shares.

Share Market Update: Due to the war between US, Israel and Iran, today on March 12, the second consecutive decline is being seen in the stock market. Sensex is trading at 76,300, down about 600 points. Nifty is also trading at 23,700, down about 200 points. Auto, metal, FMCG and banking stocks have fallen the most.

Three main reasons for market decline

• The US-Israel and Iran war has disrupted the supply chain.
• India’s import bill and inflation will increase due to rising prices of crude oil.
• The decline in US and Asian markets is affecting India.

Asian market decline

• South Korea’s Kospi index is trading at 5,537, down 1.30%.
• Japan’s Nikkei is trading at 54,177, down 848 points or 1.50%.
• Hong Kong’s Hang Seng index was trading 344 points or 1.30% lower at 25,554.
• China’s Shanghai Composite Index was trading 26 points or 0.64% lower at 4,106.

US market declined on March 11

• The Dow Jones Industrial Average fell 289 points (0.61%) to close at 47,417.
• The tech-based Nasdaq Composite closed 0.08% higher at 22,716.
• The S&P 500 index fell 6 points (0.08%) to close at 6,775.

FIIs sold shares worth Rs 4,672 crore on March 11

A day earlier, foreign investors (FIIs) had sold shares worth Rs 6,267 crore in the cash segment. Domestic investors (DII) made net purchases of Rs 4,965 crore.

So far in March, foreign investors have sold shares worth Rs 39,116 crore. During this period, domestic investors have made net purchases of Rs 53,099 crore.

In February, foreign investors had sold shares worth Rs 6,640 crore. During this period, domestic investors made net purchases of Rs 38,423 crore.

There was a decline in the market yesterday

Earlier, the stock market had fallen on March 11. Sensex fell 1342 points (1.72%) and closed at 76,864. Nifty also fell by 395 points (1.63%) and closed at 23,867.