Due to America-Israel and Iran war, mixed business is being seen in Asian stock markets today. Japan’s Nikkei index is trading at 56,700, down 1,329 points (2.29%). South Korea’s Kospi is trading at 6000 level, down 250 points (4.03%). Whereas China’s Shanghai Composite Index is trading flat at 4,180 and Hong Kong’s Hang Seng Index is trading flat at 26,070. Indian stock markets are closed today on Holi. There was a decline in the American market on March 2. Yesterday the Sensex closed down by 1048 points. Earlier, due to the war between America, Israel and Iran, the Indian stock market was falling yesterday i.e. on March 2. 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. Foreign investors sold shares worth Rs 3,295 crore on March 2. Big fall in Pakistan stock market, KSE-30 index fell by 9.8%. There was a big fall in Pakistan stock market on March 2. The KSE-30 index fell 4,996 points (9.73%) to close at 46,326. Earlier, due to heavy selling, trading in the market had to be stopped for 45 minutes i.e. lower circuit was imposed. Crude oil rose by 10% to reach $79. Due to the rise in the prices of crude oil, there is more decline in energy and auto stocks today. The price of Brent crude has increased by 10% to $ 79 per barrel. 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. ——————————————————– Also read this news related to business: India will again increase the purchase of crude oil from Russia, keeping an eye on 95 lakh barrels of oil. After the war between Iran and Israel in the Middle East and the oil supply chain being affected, India has once again turned towards Russia. According to Bloomberg report, India is planning to increase the purchase of crude oil from Russia to meet its needs. Read full news
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Israel-Iran war; Mixed trading in Asian stock markets: South Korea’s Kospi fell 4%, flat trading in China-Hong Kong; rise in US market
