Stock market fell due to rise in crude oil, Sensex fell by 1690 points, Nifty fell by 487 points.

Mumbai27 march. Due to the conflict in West Asia, the price of crude oil rose above $ 100 per barrel, while amid the weak trend in the global markets, the rise in the domestic stock markets also stopped for two days and on Friday, the last day of the trading week, both the benchmark indices closed with a big fall. BSE Sensex fell 1,690 points in open trade after Ram Navami holiday, while NSE Nifty slipped 487 points below 22,900.

Sensex 2.25 percentage drop 73,583.22 off on

Bombay Stock Exchange (BSE)’s 30-share benchmark index Sensex fell 1,690.23 points, or 2.25 percent, to close at 73,583.22. During trading it fell 1,739.04 points to 73,534.41. Among Sensex related companies, shares of 27 remained in the red and only three gained strength.

nifty 2.09 percentage drop 22,819.60 off on

Whereas the National Stock Exchange (NSE) sensitive index Nifty based on 50 shares fell by 486.85 points or 2.09 percent and closed at 22,819.60. Among Nifty related companies, stocks of six were in profit and 44 were in decline. In the broader market, BSE Midcap Select index fell 2.12 per cent, while Smallcap Select index closed down 1.77 per cent.

of investors 8.89 lakhs of crores drowned

Amid all-round selling, the total market capitalization of BSE listed companies declined to Rs 422.12 lakh crore on Friday, which was Rs 431.01 lakh crore on the previous trading day. Thus, the market cap of companies listed in BSE decreased by about Rs 8.89 lakh crore. In other words, there was a decline of about Rs 8.89 lakh crore in investors’ wealth.

Reliance Industries stock has the highest 4.55 percentage decline

Among the companies included in the Sensex group, the stock of Reliance Industries recorded the biggest decline of 4.55 percent. After that, shares of InterGlobe Aviation, Bajaj Finance, State Bank of India, Eternal and HDFC Bank also fell. Whereas Tata Consultancy Services, Bharti Airtel and Power Grid Corporation registered gains.

Rupee 86 money becomes weak 94.82 closed at new record low

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,805.37 crore on Wednesday while domestic institutional investors (DIIs) bought shares worth Rs 5,429.78 crore. On the other hand, international oil standard Brent crude rose by 1.72 percent to $ 109.9 per barrel, while the rupee weakened by 86 paise against the dollar and closed at a new record low of 94.82.