look news india
The effect of the war between Israel and Iran has been seen on the Indian stock market today. Sensex and Nifty are seen in the red zone. BSE Sensex opened 602 points or 0.81 per cent lower at 73,642 and NSE Nifty opened 193 points or 0.86 per cent lower at 22,325.
Moments later, the stock market again witnessed a major fall and the BSE Sensex closed at 73,315, down 929.74 points or 1.25 per cent. NSE's Nifty was trading at 22,339, down 180.35 points or 0.80 per cent.
Only 3 out of 30 Sensex stocks rose
BSE Sensex is in the red and out of 30, only 3 stocks are up and 27 stocks are down. Shares of TCS, Nestle, HCL Tech are showing growth. Shares of Tata Motors, Tata Steel, SBI, NTPC, Power Grid have fallen the most.
Only 4 stocks of Nifty were bullish
46 out of 50 Nifty stocks are trading in bearish territory and only 4 stocks are barely in bullish territory. Only shares of Hindalco, ONGC, TCS and Nestle are trading with gains.
Impact of Israel-Iran war
The threat of inflation seems to be increasing due to Iran's sudden attacks by drones and missiles on many Israeli targets. Apart from this, import and export is also going to be affected for some countries. Especially the price of crude oil is going to be greatly affected. Meanwhile, big fluctuations have been seen in the stock market.
There was a decline in the market on Friday also
Stock markets fell heavily on Friday after US inflation data came in higher than expected. Sensex fell by almost 800 points and Nifty by 234 points. Meanwhile, it is estimated that tensions between Iran and Israel may still cause major fluctuations in the stock market.