There is a big fall in the stock market today i.e. on March 9 due to America, Israel and Iran in the Middle East. Sensex is trading at 76,500 level, down about 2,300 points (2.80%). At the same time, there is a decline of about 700 points (2.80%) in Nifty, it is trading at 23,750. Today there is heavy selling in bank, auto, metal, energy and FMCG shares. Crude oil rose 15% in 4 days. Due to the ongoing war between America, Israel and Iran in the Middle East, the prices of crude oil in the international market have reached a three and a half year high. On Sunday, the price of Brent crude has crossed the level of $ 100 per barrel. Earlier in 2022, crude oil had crossed $100. Brent crude jumped 16.5% to $108 as trading began on the Chicago Mercantile Exchange, which had closed at $93 on Friday. During the war i.e. in just 10 days, crude oil has become expensive by about 48%. Although the Indian government says that we have enough energy, this will not make petrol and diesel expensive in India. There was a decline in the Asian markets. There was a decline in the American market on March 6. There was a decline in the market last week. Before this, there was a decline in the stock market on Friday i.e. on March 6. Sensex fell 1097 points (1.37%) to close at 78,919. Nifty also fell by 315 points (1.27%). It had come to 24,450.
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Sensex fell 2,300 points to 76,500 due to Iran war: Nifty also fell 700 points, banking and auto shares fell more.
