The Indian stock market started on Monday morning with a shock. In pre-opening trading on the first day of the week, the Sensex fell by about 704 points or 0.85% to 81,704, while the Nifty was trading at 24,939 with a decline of 172 points or 0.69%. However, in the early trade, something was seen in the market. In early trade, at 9:18 am today, the Sensex was trading 582.45 points (0.71%) to 81,825.73 and Nifty was trading at 176.60 points (0.70%) to 24,935.80.
Nifty midcap and smallcap also decline
The Nifty Bank was trading at 55,865.10, down 387.75 points or 0.69 per cent. The Nifty Midcap 100 index was trading at 57,776.05, declining 219.45 points or 0.38 per cent. The Nifty Smallcap 100 index was 45.25 points or 0.25 per cent to 18,148.95.
These are shares with disadvantage and profit
Infosys, HCL Tech, Hindustan Unilever Limited, Eternal, TCS, Asian Paints, Power Grid, Reliance, ITC were the most damaged among the shares listed in the Sensex. At the same time, Bharat Electronics Limited (BEL), Bharti Airtel and Trent were the most profitable.
Why the decline in the market?
In fact, the US has attacked Iran’s nuclear plants and was also involved in the attack. This has increased tension in the Middle East. This is the reason that not only the Indian market, but also in the Asian markets, there was a decline. Oil prices are also boiling, the bad condition of Asian markets has also boiled in oil prices after America landed in the ongoing war between Israel and Iran. Crude oil jumped nearly 2.7 per cent to $ 79.12 per barrel, while the US crude rose 2.8 per cent to $ 75.98 per barrel. This is the highest level since January this year.
At the same time, the condition of Asian markets was also weak. Japan’s Nikkei index fell 0.6 per cent, South Korea’s 1.4 per cent and Australia 0.7 per cent. The Asia-Pacific index of MSCI also fell 0.5 per cent. Last week, the Indian stock market performed well, strengthening the Indian stock market last week, bypassing the stress and rapid crude oil of the Middle East last week. On Friday, the Sensex rose 1,046 points (1.29%) to close at 82,408, while the Nifty rose 319 points to 25,112. The Sensex rose by 1,289 points or 1.58% in the whole week and 393.8 points or 1.59% in the Nifty. But now the situation has changed. The pressure on the market is clearly visible due to the increasing tension between the US and Iran and the rise in crude oil. Investors are afraid that the situation may worsen if Iran retaliates.
