Stock market crashed : The rise in crude oil prices in the international market and the increasing tension between America and Iran have also affected the Indian stock market. Both the Sensex and the Nifty opened lower at the start of the week’s trade, leading to investor concern.
BSE’s 30-share Sensex opened down around 351 points, while NSE’s Nifty 50 also opened down around 92 points.
The biggest fall in these stocks
Selling was seen in the stocks of many big companies included in the Sensex. In particular:
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Indigo – down 1.60%
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Infosys – down 1.07%
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Tata Steel – down 0.97%
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Bajaj Finance – down 0.86%
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Ultratech Cement – 0.84% decrease
Asian markets are bullish
Despite the decline in the Indian market, most of the Asian markets saw gains.
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Japan’s Nikkei index rose 0.55% to 1.2%.
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South Korea’s Kospi jumped 2.3% to 3.4%.
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Hong Kong’s Hang Seng was up 0.6%.
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Australia’s ASX 200 rose 0.72% to 1.06%.
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While China’s Shanghai Composite closed with a marginal decline of 0.1%.
Mixed business in the US market
Wall Street saw a mixed trend during the last session.
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The Dow Jones closed almost flat.
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The S&P 500 was down 0.1%.
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The Nasdaq Composite fell 0.6%.
According to analysts, investors are cautiously investing in view of rising crude oil prices and quarterly results of major tech companies.
Crude oil at $96 per barrel
Brent crude rose nearly 2% to $96.21 a barrel after rising tensions between the US and Iran and attacks on oil tankers in the Red Sea.
At the same time, WTI crude is also trading at $88.40 a barrel, up 1.7%.
Dollar strong, rupee weak
In the foreign exchange market, the US Dollar Index (DXY) remained firm at 101.11.
The Indian rupee also weakened slightly against the US dollar and was seen trading at 96.55 from 96.53.
