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- Sensex Falls 1000 Points, Nifty Down 300; Auto & Banking Stocks See Selloff
Mumbai7 minutes ago
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Due to America-Israel and Iran, there is a second consecutive decline in the stock market today i.e. on March 12. The Sensex is trading at the level of 75,900 with a fall of about 1,000 points.
At the same time, there is a decline of about 300 points in Nifty, it is trading at 23,600. There is more decline in auto, metal, FMCG and banking shares.
At 9:30 am, 26 out of 30 Sensex stocks fell.
3 main reasons for market fall
- The supply chain has been disrupted due to the US-Israel and Iran wars.
- India’s import bill and inflation will increase due to increase in crude oil prices.
- Impact of decline in American and Asian markets on India.
Crude oil again crosses 100 dollars Crude oil prices are rising today in the global market. Brent crude rose nearly 9% again to $101 per barrel. At the same time, American oil WTI has also reached the level of $ 95 per barrel. Earlier yesterday there was a fall in the price of this crude oil. On March 9, Brent crude had reached $116.
Asian markets fall
- South Korea’s Kospi index is trading 1.30% lower at 5,537.
- Japan’s Nikkei is trading 848 points or 1.50% lower at 54,177.
- Hong Kong’s Hang Seng index fell 344 points, or 1.30%, to 25,554.
- China’s Shanghai Composite Index traded at 4,106, down 26 points or 0.64%.
There was a decline in the American market on March 11
- The Dow Jones fell 289 points (0.61%) to close at 47,417.
- Tech-based index Nasdaq Composite closed 0.08% higher at 22,716.
- The S&P 500 index fell 6 points (0.08%) to 6,775.
FIIs sold shares worth ₹4,672 crore on March 11
A day earlier, foreign investors (FIIs) sold shares worth ₹6,267 crore in the cash segment. Domestic investors (DIIs) made net purchases of ₹4,965 crore.
Foreign investors have so far sold shares worth ₹39,116 crore in the month of March. Whereas domestic investors have made net purchases of ₹ 53,099 crore during this period.
In the month of February, foreign investors have sold shares worth ₹6,640 crore. Whereas domestic investors had made net purchases of ₹ 38,423 crore during this period.
There was a decline in the market yesterday Earlier yesterday i.e. on March 11, there was a decline in the stock market. The Sensex closed at 76,864 with a fall of 1342 points (1.72%). At the same time, Nifty also declined by 395 points (1.63%), it closed at 23,867.
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