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- Stock Market Fall | Nifty 300 Points Down, Sensex 1000 Points; Auto & Banking Stocks
Mumbai3 days ago
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Today i.e. on March 30, the Sensex closed at 71,948 with a fall of about 1636 points (2.22%). At the same time, Nifty also declined by 488 points (2.14%), it closed at the level of 22,331. Today there was heavy selling in banking, realty and auto stocks.
Out of 30 Sensex stocks, 28 stocks declined.
3 big reasons for market fall…
- The supply chain has been disrupted due to the US-Israel and Iran wars.
- The price of crude oil has increased to $ 116 per barrel.
- Impact of decline in American and Asian markets on India.
Asian market also declined
- Japan’s Nikkei index fell 2.79% to close at 51,886.
- South Korea’s Kospi index fell 2.97% to 5,277.
- Hong Kong’s Hang Seng index fell 0.81% to 24,750.
- China’s Shanghai Composite Index rose 0.24% to close at 3,923.
There was a decline in the American market on March 27
- The Dow Jones fell 793 points (1.73%) to close at 45,166.
- Tech-based index Nasdaq Composite fell 2.15% to 20,948.
- The S&P 500 index fell 108 points (1.67%) to 6,368.
Crude rose 2% to $ 116 per barrel
Today the price of crude oil has increased by 2%, it has increased to $ 116 per barrel. Before the Iran war started on February 28, crude oil prices were around $70 per barrel.
There was a decline in the market on Friday
Earlier on Friday i.e. March 27, there was a decline in the stock market. The Sensex closed at 73,583, down 1690 points (2.25%). There was also a decline of 486 points (2.09%) in Nifty, it closed at 22,820.
