Indian Stock Market Live update
Due to escalating tensions in the Middle East stemming from the Iran-Israel conflict in Gaza, coupled with the increase in US dollar rates and Treasury yields, as well as selling by Foreign Institutional Investors (FIIs), the Indian stock market continued its downward trend for the third consecutive session on Tuesday.
The Nifty 50 index commenced trading at a lower level of 22,125 and dipped to an intraday low of 22,103, witnessing a decline of approximately 650 points over the past three sessions. Similarly, the BSE Sensex opened at 72,892 and reached an intraday low of 72,814, registering a decrease of around 2,184 points during the recent sessions. Likewise, the Bank Nifty started at 47,436 and swiftly dropped to today’s low of 47,316 shortly after the market opened, experiencing a significant crash of 2,670 points since last Thursday’s close.
Over the past three sessions, the Nifty 50 index has plummeted by almost 650 points, the BSE Sensex has witnessed a loss of approximately 2,200 points, and the Bank Nifty index has plunged by about 2,700 points. Nevertheless, there are indications of selective buying in the early morning session on Tuesday, as the small-cap index has risen by nearly one percent, and the mid-cap index is up by around 0.40 percent.
Here are some factors about Indian Stock Market fall:
1] Iran-Israel war: After the attack of Iran on Israel PM Benjamin Netanyahu warned Iran to face the consequences and this raises new worries of if bigger conflict in the Middle East. However USA and Europe appeal to restrain. The condition is still tensed in the region and can be explore anytime. Recently Iran has captured cargo ship of Isarael with 17 indians on board. This shows Iranian aggression in Gulf of Persia.
2] Increase in Gold price: Sudden hike in gold price indicating towards geo-political uncertainity that also leaves market fall.
3] Crude Oil rise: Beacause Middle East is suffering with huge geo-political termoils and a full scale of war can be start anytime. This scares Oil Industry resulting hike in crude oil price.
