There is a big fall in the stock market today i.e. on March 9 due to America, Israel and Iran. Sensex is trading at 76,500 level, down about 2,300 points (2.80%). At the same time, there is a decline of about 700 points (2.80%) in Nifty, it is trading at 23,750. Today there is heavy selling in bank, auto, metal, energy and FMCG shares. There is a risk of inflation increasing in situations like geopolitical tension and war. This may reduce the profits of companies. In such a situation, investors start selling their shares and invest it in a safe place. This causes a decline in the market. 3 main reasons for the market fall: Crude oil increased by 60% in 10 days. Today, Brent crude has increased by more than 25% to reach $ 116 per barrel. Since the war started on February 28, crude oil has become costlier by about 60% in 10 days. Earlier in 2022, during the Russia-Ukraine war, it had crossed $100. Experts believe that oil prices can reach $ 150 per barrel. Its effect can be seen on petrol and diesel in India. It can become expensive by Rs 5 to 6 per litre. Although the Indian government says that we have enough oil. Decline in Asian markets. American market declined on March 6. On Friday, Sensex had closed down by 1097 points. Earlier on Friday i.e. on March 6, Sensex had fallen by 1097 points (1.37%) and closed at 78,919. Nifty also fell by 315 points (1.27%). It came to 24,450.
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Sensex fell 2,300 points to 76,500 due to Iran war: Japan, Korea markets fell 7%; Crude oil rose 60% in 10 days
