Amidst the US-Israel and Iran war, Nifty was trading at the level of 24,435 with a decline of 550 points or 2.20%. This is indicating that the Indian stock market may open with a big fall today on March 4. The market was closed yesterday due to Holi. 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 them in safe places like gold and silver. This causes a decline in the market. 3 main reasons for the market fall: Crude oil rose by more than 13% in 3 days; Brent crude is up by about half a percent today. It has crossed $80 per barrel. Its prices have increased by more than 13% in the last three days. Experts believe that if this tension increases further, oil prices may go up to $ 120 per barrel. Its effect can be seen on petrol and diesel in India. Petrol in Delhi may increase from ₹ 95 per liter to ₹ 100. Whereas diesel can increase from ₹ 88 to ₹ 92. Prices may increase similarly in other cities also. Among the Asian markets, South Korea’s market fell the most by 5%. American market recovered after a fall of 1200 points. The American stock market Dow Jones fell by more than 1,200 points at one time during trading on March 3, but later it recovered about 800 points from the lower levels. The recovery in the market came after a statement by Trump. This recovery in the market came after a statement by US President Donald Trump. Trump said that he has asked the United States Development Finance Corporation to provide insurance for the financial security of maritime trade at a very reasonable cost. Trump’s statement has come when Iran’s Revolutionary Guards (IRGC) has threatened to set fire to any ship passing through Hormuz, an important oil supply route. This route is the biggest and important point for more than 20% of the world’s oil supply. Trump also said that if needed, the US Navy will escort tankers out of the Strait of Hormuz, so that the energy supply continues without any interruption. Level of 24,600 is very important for Nifty. Market experts believe that the level of 24,600 will prove to be ‘make or break’ for Nifty. If the market slips below this level, the decline could extend to 24,200. To regain stability in the market, it is necessary for Nifty to close above 25,200. Foreign investors sold shares worth ₹3,295 crore According to exchange data, on March 2, foreign institutional investors (FIIs) sold shares worth ₹3,295 crore from the Indian market. However, domestic institutional investors (DIIs) tried to take control of the market and made net purchases of Rs 8,594 crore. Sensex fell by 1048 points due to US-Iran war. Indian stock market fell on March 2 due to US-Israel and Iran war. Sensex closed at 80,239 with a fall of 1048 points (1.29%). Nifty also declined by about 313 points (1.24%), reaching the level of 24,866. Knowledge Box: What is ‘Gift Nifty’? ‘Gift Nifty’ operates from GIFT City, Gujarat. It is an international platform for trading in Nifty for foreign investors. It tells the possible movement of Nifty based on global signals even before the Indian market opens in the morning.
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Indian market may open with a big fall: Gift Nifty fell 550 points; South Korean market fell 5%, Japanese market fell 3%
