There is chaos in the stock market once again (Stock Market Crash). As soon as the market opened on Thursday, both the Sensex and Nifty indices crashed. The direct impact of the oil crisis caused by the Iran war with America-Israel and the LPG crisis in India has been seen on the market. Bombay Stock Exchange’s 30-share Sensex slipped 978 points as soon as it opened, while National Stock Exchange’s Nifty was trading with a decline of more than 275 points. Meanwhile, many big stocks including Zomato, Indigo, ICICI Bank were seen crashing. Let us tell you that on Thursday there was a sudden increase of around 9 percent in the price of crude oil (Crude Oil Price Surge).
Outcry again in Sensex-Nifty
Due to the oil crisis amid the Middle East war, the Oil Strike continues on the stock market and is showing no signs of slowing down. On the beginning of trading in the market on the fourth trading day of the week, the BSE Sensex opened at 76,369, breaking from its previous closing level of 76,863 and then fell apart within a few minutes, slipping 978 points to 75,871. If we talk about NSE Nifty, there was an uproar in it as soon as it opened. This 50-share index opened at 23,674 compared to its previous trading close of 23,866 and then slipped like the Sensex to 23,556.
Bad signals were received from abroad
Signs of decline in the stock market were already coming from foreign markets. While on the previous trading day there was a sharp decline in the American stock markets, on Thursday the Asian share market Crashes were also seen. Gift Nifty was also trading with a fall of more than 180 points. Due to these global negative signals, the Indian stock market collapsed as soon as it opened.
1597 shares boom as soon as they open
Nifty fell below 23,700 due to the decline in the Indian Stock Market amid weak global signals. While 643 shares started trading with a slight rise in the initial trade, shares of 1597 companies fell as soon as they opened. Apart from this, there was a flat opening of 159 shares, that is, there was no change in their position.
In early trade, stocks like Interglobe Aviation, ICICI Bank, LT, Kotak Mahindra Bank, TMPV, Eternal, IndiGo, ICICI Bank were trading the biggest losers.
These 10 shares fell the most
Talking about the 10 stocks which fell the most amid the fall in the market, Eternal (Zomato) Share included in the largecap category of BSE were trading with a decline of 4.30%, M&M Share 3.20%, Maruti Share 2.25%, Trent Share 2.10%, IndiGo Share 2% and ICICI Bank Share 1.90%. Apart from this, Bharat Forge Share included in midcap was trading down by 4%, APL Apollo Share by 2.90%, Supreme India Share by 2.74% and Ashok Leyland Share by 2.60%.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)
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Source: www.aajtak.in
