Warning of attack on Iran and outcry in the stock market! Sensex and Nifty crashed, investors lost crores of rupees

Stock Market Crash: As soon as the Indian stock market opened on Thursday morning, a huge fall was seen. BSE Sensex opened 1,464 points (2.00%) lower at 71,669, while Nifty 50 fell 466 points (2.06%) to 22,213.

The major reason for this decline is believed to be Donald Trump’s tough statement regarding Iran. Trump has warned that the US military may launch a major military operation against Iran in the next 2–3 weeks.

There was a strong rise in the market a day ago

Although he also said that the mission could be completed soon, but the fear of increasing tension in the Middle East and the war getting longer caused panic among the investors, due to which all-round selling started in the market.

The interesting thing is that a day before this, i.e. on Wednesday, the market trend was completely opposite. There was a strong rise in the market due to expectations of reducing tension in the Middle East. BSE Sensex jumped 1,186.77 points (1.65%) to close at 73,134.32, while Nifty 50 rose 348 points (1.56%) to 22,679.40.

Trump’s statement spoiled the game

After Wednesday’s rise, investors were hopeful that the market would touch new heights, but Donald Trump’s latest statement completely changed the market sentiment and trading started with a decline on Thursday.

10 lakh crore swaha

Investors had to suffer huge losses due to this sharp fall in the stock market. Value of about Rs 10 lakh crore was wiped out in the morning trade itself. The total market cap of companies listed on BSE came down to about Rs 412 lakh crore.

Its impact was clearly visible on global markets also. The Nikkei 225 was seen trading down about 1.4% at 53,004. Whereas KOSPI fell 3.4% to 5,292. Hang Seng Index also declined by 0.8% to 25,082.

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Not only the Asian markets, but also the American markets were under pressure. US market futures were seen trading down by more than 0.9%, indicating that there is an environment of uncertainty and fear among investors globally.