There was a sudden huge decline in the stock market. On Wednesday – the third trading day of the week – the market had a weak start and saw a sharp decline in the last hour of trading; The 30-share Sensex on BSE fell over 1,800 points, while the 50-share Nifty index on NSE fell over 550 points. This decline was seen in all types of stocks, affecting all types of stocks, large-cap, mid-cap and small-cap. It seems that this fall is directly related to a big statement by Donald Trump regarding Iran, which led to this fall in the market.
**Sensex and Nifty started weak, then fell heavily**
Trading had a weak start on Wednesday and Sensex and Nifty fell heavily just an hour before the market closed. BSE Sensex opened below its previous close of 78,180 and fell by more than 550 points in just five minutes of trading. After trading with slight weakness for some time, BSE Sensex fell almost 1,800 points to 76,392 at 2:37 pm (at the time of writing this news).
The condition of Nifty index was also as bad as Sensex. The NSE index fell to 24,259 soon after opening – lower than its previous close of 24,398 – and the pace of the fall accelerated as the session progressed. Nifty was trading 550 points down at 23,845.
