The effect of Hamas' attack on Israel is also visible on the Indian stock market. Due to increasing tension in West Asia, the stock market opened with a huge fall on the first trading day of the week. In Monday's early session, BSE Sensex fell 407.19 points to 65,588.44 points, while National Stock Exchange's Nifty was also trading at 19,510.80 points with a loss of 142.70 points.
Due to this decline of the Indian stock market, the market cap of BSE decreased by Rs 2.42 lakh crore in the initial session. Till the market closed on Friday, the market cap of BSE listed companies was Rs 3,19,86,272.55. Which came down to Rs 3,17,43,330.93 by 11 am on Monday. About Rs 2.42 lakh crore was lost from the market between 9.15 am and 11 am on Monday.
An atmosphere of panic among investors
According to market experts, there is an atmosphere of uncertainty in the market amid the Israel-Hamas conflict, due to which investors are avoiding taking risks. The shares which are seeing decline in the market today include shares of State Bank of India, Tata Steel, Titan, IndusInd Bank and Asian Paints. Whereas shares of HCL Tech, Tech Mahindra, TCS, Wipro, Infosys, Hindustan Unilever and Sun Pharma were trading in profit.
Impact visible on Asian markets too
The effect of increasing tension in West Asia was visible not only on the Indian market but also on other Asian markets. A declining trend was also seen in other Asian markets. However, European markets closed with gains on Friday. American markets were also in profit on Friday. But today when these markets open in the evening, it has to be seen what reaction it will have there. Talking about crude oil, Brent crude on global label has increased by 3.68 percent to reach $ 87.69 per barrel. Earlier on Friday, foreign investors had sold shares worth Rs 90.29 crore from the Indian market.
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