The Indian stock market is closed today, Thursday 28th May, on the occasion of Bakrid. At the same time, work in the commodity market will remain closed till noon. Trading will start here from 5 pm. Yesterday on May 27, the Sensex closed at 75,868 with a fall of 142 points. Nifty also declined by 7 points, it closed at 23,907. There was a decline in the shares of banks. Sharp fall in Asian markets. American markets closed yesterday with a rise. Foreign investors sold shares worth ₹ 45 thousand crore in 30 days. Note: Figures of net buying/selling of FIIs and DIIs are in crores of rupees. Crude oil became costlier by 4%, effect of US-Iran tension. On Thursday, amid US-Iran tension, Brent crude oil became costlier by about 4% and reached around $ 98 per barrel. The rising prices of crude oil are very important for the global market because expensive fuel has a direct impact on inflation, transportation costs and the entire economy. In such a situation, the eyes of investors around the world are fixed on crude oil. Why does the stock market fall when crude oil becomes expensive? India imports about 80-85% of its crude oil requirement from outside. When crude is expensive, the country’s dollar moves out, causing the rupee to weaken. Apart from this, the costs of companies increase, due to which their profits decrease. Fearing loss of profits, investors start selling shares and the market falls.
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Indian stock market closed today on Bakrid: Commodity market will open in the evening; South Korea’s market fell by more than 3%
