Sensex falls by 1000 points: Trading at 76,500, Nifty also falls by 300 points; Heavy selling in auto and banking shares

There is a decline in the stock market today i.e. on 30th April. Sensex is trading at the level of 76,500 with a fall of about 1000 points. At the same time, there is a decline of about 300 points in Nifty, it is trading at the level of 23,900. There is more decline in auto, metal, banking and realty shares.

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 in safe places. This causes a decline in the market.

3 main reasons for market fall

Asian markets fall today

There was a decline in the American market on April 29

Brent crude oil prices cross $ 120 per barrel

Brent crude oil prices have crossed $ 120 per barrel. There has been strong demand for oil in the market and increased concern about the ‘Strait of Hormuz’ due to which this rise has occurred. Hormuz is considered the most important route for oil supply.

There was a rise in the market yesterday

Before this, yesterday i.e. on 29th April, the stock market was on the rise. The Sensex closed at 77,496 with a gain of 609 points (0.79%). Nifty also rose by 182 points (0.76%), it closed at 24,178.

Make Dainik Bhaskar your favorite source on Google ➔