Sensex dropped 800 points from Israeli's attack on Iran: trading at 80,900, Nifty also slipped 250 points; Auto and IT shares broken

Mumbai7 minutes ago

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Yesterday, on May 12, the Sensex declined by 823 points.

The stock market is declining today i.e. June 13. The Sensex is trading at 80,900 with a decline of 800 points. At the same time, the Nifty is also declining by about 250 points. It is trading at the level of 24,600.

All of the 30 shares of the Sensex decline. Banking, auto and IT stocks are seeing a significant decline. All the sectors of the market, including banking, auto and IT FMCG, are trading about 1%. From today onwards, the IPO Oswal pumps of the mainboard segment have been opened.

3 major reasons for market fall

Israel has attacked Iran. This is the biggest reason for the decline in the market. Whenever war or tension between two big countries increases, investors get nervous and start withdrawing money from the stock market. This time Israel attacked Iran’s nuclear bases and military sites, which fears that the middle of the middle East may increase the war further.
Crude oil prices rose more than 10% after the attack, as most of the world’s oil comes from the middle East itself. If the supply stops there, oil can be more expensive. This is a matter of more concern for countries like India, because we have to buy most oils from outside. This can increase inflation again.
Inspectors invest their money in safe places like gold, dollars or American bonds by selling shares in an environment like war. Because of the stock market falls, gold and dollars become expensive. Whenever there is a big tension or war in the world, the market increases and declines.

Asian markets also decline

In Asian markets, Japan’s Nikkei is trading at 37,665 at 37,665 and Korea’s Kospi is trading at 2,888 at 2,888.
Hong Kong’s Hangseng index is trading 171 points (0.72%) to 23,863. At the same time, China’s Shanghai Composite is trading 24 points to 3,378.
On June 12, the US Dow Jones climbed 101 points to close at 42,967. Nasdaq Composite climbed 46 points to 19,662 and S&P 500 gained 23 points to close at 6,045.

Oswal pumps IPO opened from today

The IPO of Oswal pumps, the pump and motor manufacturer, have opened from today. Investors can apply it by 17 June. The company shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 20 June.

Oswal wants to raise a total of ₹ 1,387.34 crore through pumps IPO. Out of this, ₹ 890 crore new shares (fresh issues) will be issued and ₹ 497.34 crore shares will be sold under offer for sale (offs).

The market was closed with a decline yesterday

The stock market declined on 12 June. The Sensex closed down 823 points (1%) to close at 81,691. The Nifty also declined by 253 points (1.01%), closed at 24,888.

Of the 30 shares of the Sensex, 27 declined and only 3 rose. Today IT, FMCG, metal and auto shares declined. Tata Motors shares closed down 2.98% and M&M shares closed by 2.30%.