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- Nifty Falls 00 Points To 00; 00 Stocks See Max Selloff | Middle East Tension
Mumbai16 minutes ago
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Due to increasing tension in the Middle East, today i.e. Monday, June 8, the Sensex is trading at 73,500 with a decline of 750 points (1.00%). Nifty has also fallen by 250 points (1.04%), it has come to 23,100. In today’s trading, there is maximum selling in IT, metal and realty stocks.
Tension increased due to Iran’s attack on Israel
For the first time after the ceasefire in April, Iran launched a missile attack on Israel. In response, Israel attacked military targets in western and central Iran early Monday morning. There are reports of explosions in Tehran, Tabriz and Isfahan. Due to this, geopolitical tension has increased whose effect is visible on the market.
Korea and Japan markets fell by about 4%
| index | level | point change | percent change |
| Kospi (South Korea) | 7768 | -375 | -4.49% |
| Nikkei (Japan) | 64040 | -2548 | -3.83% |
| Hang Seng (Hong Kong) | 24700 | -262 | -1.01% |
America’s market also closed down by 4%
| index | level | point change | percent change |
| dow jones | 50867 | -695 | -1.35% |
| Nasdaq | 25709 | -1122 | -4.18% |
| S&P 500 | 7384 | -201 | -2.64% |
Foreign investors on June 5
| category | Latest | last 7 days | last 30 days |
| DII | 9,134 | 28,824 | 95,209 |
| FII/FPI | -8,776 | -27,203 | -76,006 |
Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees.
Support and resistance
Support Zone: 23,345 | 23,320 | 23,230 | 22,858 | 22,798 | 22,558
Support means, the level where the stock or index gets support from falling down. The price does not go down easily due to increase in purchasing here. There may be a buying opportunity here.
Resistance Zone: 23,466 | 23,783 | 23,812 | 23,872 | 23,935 | 24,140
Resistance means the level where there is a hindrance in the stock or index going up. This happens due to increase in sales. There is hope for an uptrend after crossing the resistance zone.
Note: The levels of support and resistance are as per the report of Wealth View Analytics.
Sensex closed with a fall of 116 points
On June 5, the Sensex closed at 74,243 with a fall of 116 points. Nifty also fell by 50 points, it closed at the level of 23,366. In today’s trading, there was maximum selling in metal and IT shares.
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