Top News

Indian Share Market Crash Amid Iran US Tension: There is a huge panic among all small and big investors due to today’s news. Today on 30th April, the Indian stock market has started very weak. Sensex has fallen to the level of 76573 with a big and heavy fall of 922 points. At the same time, NSE’s Nifty has also taken a big dive of 302 points and reached the level of 23875.

The main reason behind this unexpected and huge fall in the stock market is the US-Iran tension. Apart from this, the huge rise in international crude oil prices has also put pressure on the market. Today only 639 shares are trading in green mark on NSE while 1986 shares are trading in red mark. The Indian rupee also opened at 95.02 with a decline of 0.2% against the dollar.

Impact of global market

There has been a lot of decline and disappointment in Asian markets today on Thursday. Japan’s Nikkei index fell by 1.10% and the Topix index fell by 1.48%. Along with this, Gift Nifty is also trading at a huge discount of about 67 points.

American market situation

There was a mixed trend in the US markets after the Federal Reserve’s policy and the results of tech companies. Dow Jones has fallen 280.12 points or 0.57% to the level of 48,861.81. However, the Nasdaq Composite registered a marginal rise of 9.44 points and closed at 24,673.24.

huge rise in crude oil

There has been a sharp rise in the prices of crude oil in the global market today. Brent crude oil has crossed $ 120 per barrel, breaking the record. At the same time, WTI crude is also trading around $107.

Important opinion of experts

According to Kotak Securities expert Shrikant Chauhan, for the market to rise, it is necessary for the Sensex to cross 77,800. The 24,000 level has now become a very important base and support for Nifty. Mayank Jain says that if this support of 24000 is broken then the next support is at 23,750.

Fed’s tough stance

The US Federal Reserve has not made any changes in its interest rates for the third consecutive meeting. The Federal Reserve has kept its interest rates completely stable at the level of 3.5%-3.75%. But Fed Chairman Jerome Powell’s stance regarding inflation is still very tough for the market.

Crisis deepens in Hormuz

Tension has increased due to the continued deadlock in the ongoing peace talks between America and Iran. Due to this latest standoff in the Strait of Hormuz, the global energy crisis has become deeper than before. US President Trump has also clearly indicated that pressure on Iran will continue until the nuclear deal is reached.