Sensex falls by 1600 points: Trading at 72,900, Nifty falls by 500 points; Heavy selling in banking and auto shares

Sensex falls by 1600 points: Trading at 72,900, Nifty falls by 500 points; Heavy selling in banking and auto shares


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Mumbai10 minutes ago

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There is a big fall in the stock market today i.e. on 23 March. Sensex is trading at 72,900 with a fall of about 1,600 points. At the same time, there is a decline of about 500 points in Nifty, it is trading at the level of 22,650. Today there is more decline in banking, auto, FMCG and IT shares. All 30 Sensex stocks are in decline today.

All 30 Sensex stocks are in decline today.

All 30 Sensex stocks are in decline today.

3 big reasons for market fall…

  1. The supply chain has been disrupted due to the US-Israel and Iran wars.
  2. The price of crude oil has increased to $ 114 per barrel.
  3. Impact of decline in American and Asian markets on India.

Asian market decline

  • Japan’s Nikkei index is trading 3.35% lower at 51,582.
  • South Korea’s Kospi index is trading at 5,456, up 5.62%.
  • Hong Kong’s Hang Seng index is trading 3.37% lower at 24,424.
  • China’s Shanghai Composite Index is trading 2.29% lower at 3,866.

There was a decline in the American market on March 20

  • The Dow Jones fell 443 points (0.96%) to close at 45,577.
  • Tech-based index Nasdaq Composite fell 2.01% to 21,647.
  • The S&P 500 index fell 100 points (1.51%) to 6,506.

Crude prices rose 1% to $106 a barrel

Crude oil prices are rising today amid the ongoing war between America and Israel with Iran. Brett crude is trading above $108 per barrel today, up more than 1%. Whereas the prices of Indian basket have reached $ 156 per barrel.

Rupee reaches record low of 93.86 Due to the ongoing war between Iran and Gulf countries, the rupee reached its lowest level against the dollar as soon as the market opened on Friday. The rupee has fallen by 33 paise against the dollar and reached the level of 93.86.

FIIs selling in Indian market

Foreign institutional investors (FIIs) made net sales of ₹5,518 crore on March 20. Domestic institutional investors (DIIs) made purchases worth ₹5,706 crore during this period. So far in March, FIIs have withdrawn ₹86,780 crore. Whereas DIIs have made purchases worth ₹101,168 crore.

There was a rise in the market on Friday

Earlier on Friday i.e. March 20, there was a rise in the stock market. The Sensex rose 325 points (0.44%) and closed at 74,532. At the same time, Nifty also increased by 112 points (0.49%), it closed at 23,114.

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