Stock Market News: The effect of increasing tension in the Middle East is clearly visible on the Indian stock market. Due to the geopolitical crisis related to Iran and the sharp rise in crude oil prices, a huge decline has been recorded in the market. Investors lost around Rs 12 lakh crore in the last two trading sessions, while on Monday alone there was a loss of around Rs 9 lakh crore. While the total market cap was around Rs 452.3 lakh crore on Thursday, it came down to around Rs 441 lakh crore on Monday.
Big fall in stock market
On Monday, the first trading day of the week, there was a sharp decline in the market. BSE Sensex fell 1353 points and closed at 77,566.16. Nifty 50 fell 422 points to 24,028.05. Apart from this: BSE Midcap Index fell by about 2%. BSE Smallcap Index went down by about 2.46%. The impact of the fall was widespread and 875 shares reached a 52-week low.
These major companies include:
HDFC Bank Wipro Tata Consultancy Services Asian Paints InterGlobe Aviation Ambuja Cements Trent Limited. Apart from this, shares like Tata Motors, Suzlon Energy, Shree Cement, Indian Hotels Company Limited, GAIL, Dixon Technologies and Bajaj Holdings & Investment also remained under pressure.
Rise in these shares
While most of the shares fell in the market, some companies also saw a rise and 72 shares reached their highest level in 52 weeks. These include: Mangalore Refinery and Petrochemicals Limited (MRPL) Jindal Poly Films Motilal Oswal Financial Services’ Defense ETF Some ETFs of SBI Mutual Fund Heavy fall in these stocks A fall of up to 15% was recorded in some stocks. These include: Balkrishna Paper Mills Allcargo Terminals DCM Nouvelle. Overall, the increasing tension in the Middle East, rise in crude oil prices and weakness of the rupee have increased the concern of investors in the market, due to which huge fluctuations are being seen in the market.
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