Mumbai14 minutes ago
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There is a decline in the stock market today i.e. on April 2 amid the US-Israel and Iran war. Sensex is trading at 71,600 level with a fall of about 1,500 points (2%). At the same time, there is a decline of 450 points (2%) in Nifty, it is at the level of 22,200. Today there is more decline in banking, metal, pharma and auto shares.
All 30 Sensex stocks are in decline.
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 $ 106 per barrel.
- The impact of the decline in Asian markets is also visible on India.
Asian market also declined
- South Korea’s Kospi index is trading down 4% at 5,268.
- Japan’s Nikkei index is trading 2% lower at 52,557.
- Hong Kong’s Hang Seng index is trading down 1% at 25,012.
- China’s Shanghai Composite Index is trading 0.5% lower at 3,927.
American market increased on April 1
- The Dow Jones rose 224 points (0.48%) to close at 46,565.
- Tech-based index Nasdaq Composite closed 1.16% higher at 21,840.
- The S&P 500 index rose 46 points (0.72%) to close at 6,575.
Crude rose 5% to $ 106 per barrel
Today crude oil is up about 5%. It has reached $106 per barrel. Before the Iran war started on February 28, crude oil prices were around $70 per barrel.
There was a rise in the market yesterday
Before this, yesterday i.e. on 1st April, the market was bullish. The Sensex closed at 73,134 with a rise of 1,187 points (1.65%). At the same time, Nifty also increased by 348 points (1.56%), it closed at the level of 22,679.
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