Today, on 30th April, a decline is being seen in the stock market. Sensex is trading at 76,300 level, with a decline of more than 1,000 points. At the same time, Nifty is also trading at the level of 23,800, falling by about 350 points. The biggest decline is being seen in the shares of auto, metal, banking and realty sectors. There is a danger of inflation increasing due to situations like geopolitical tension and war. This may reduce the profits of companies. As a result, investors look for safer investments by selling their shares, leading to a market decline.
3 main reasons for market decline
* Fear of supply chain disruption due to Iran-Israel conflict.
* Rising prices of crude oil, which will increase India’s import bill and increase inflation.
* Impact of decline in American and Asian markets on Indian market.
Asian markets fell today
Index Level Point Change Percentage Change Kospi (South Korea) 6668 -35 -0.25% Nikkei (Japan) 59305 -613 -1.02% Hang Seng (Hong Kong) 25757 -355 -1.28%
American markets fell on April 29
Index Level Point Change Percentage Change Kospi (South Korea) 6668 -35 -0.25% Nikkei (Japan) 59305 -613 -1.02% Hang Seng (Hong Kong) 25757 -355 -1.28%
Brent crude oil prices cross $120 per barrel
Brent crude oil prices have crossed the level of $120 per barrel. This is the first time since 2022 that crude oil prices have exceeded $120. This bullish trend is due to strong market demand for oil and growing concerns over the Strait of Hormuz. The Strait of Hormuz is considered the most important route for oil supply.
There was a rise in the market yesterday
Earlier—yesterday, April 29—the stock market had seen gains. Sensex closed at 77,496 with a gain of 609 points (0.79%). Nifty also closed at 24,178 with a gain of 182 points (0.76%). Today, on April 30, the Indian Rupee touched an all-time low of 95.20 against the US Dollar. This decline was due to the ongoing conflict in the Middle East and disruptions in energy supplies. According to foreign brokerage firm Bernstein, if this conflict related to Iran continues, the rupee may fall to 98.
