The Sensex fell at 81,500 below 900 points: Nifty dropped 300 points; Reason- Iran can close the biggest route for 25% oil supply

The Sensex is trading at 81,500 points down 900 points on the first trading day of the week today i.e. on Monday, 23 June. The Nifty is also down by about 300 points, it is at 24,830.

Of the 30 shares of the Sensex, only 2 shares rise while 28 declines. About 13 shares, including Infosys, Tech Mahindra, Zomato, have a decline of up to 2%. BEL and Airtel have a rise of up to 2%.

6 out of 50 shares of Nifty are up and 44 declines. All the NSE sectors are doing business by falling. Realty 1.2%, consumer durables 1% and metal-FMCG-banking shares have fallen 0.70%.

What is the biggest reason for the market fall today?

The Iran’s Parliament has recently passed a proposal to close the Straight of Hormuz in response to the US air strikes. This news has increased concern all over the world, because Hormuz is an important way of global oil trade.

20-25% of the world’s crude oil passes through this route. This move by Iran has increased the price of oil to close to $ 80 per barrel. Increasing oil price means inflation will increase.

This affects the economy of oil importing countries. Investors are afraid that if the oil becomes expensive then the cost of companies will increase, profits will decrease.

Global market declines

• In Asian markets, Japan’s Nikkei is trading at 38,175 at 38,175 and Korea is trading at 3,000 points to 3,000.
• Hong Kong’s Hangseng index falls 25 points (0.11%) to 23,505, while China’s Shanghai Composite is trading at 3,365 above 5 points.
• On June 20, the US Dow Jones climbed 35 points to close at 42,206.82. At the same time, Nasdaq Composite closed at 19,447 below 0.51% and S&P 500 closed at 5,967.84 below 13 points.

Foreign investors bought shares worth Rs 7,941 crore on 20 June

• On 20 June, Foreign Investors (FIIs) bought shares worth Rs 7,940.70 crore in the cash segment. At the same time, domestic investors (DIIs) sold Rs 3,049.88 crore.
• So far, foreign investors have purchased ₹ 3,897.21 crore in the cash segment and ₹ 56,786.30 crore in the cash segment.
• Net purchases of foreign investors in May stood at Rs 11,773.25 crore. At the same time, domestic investors also purchased a net of ₹ 67,642.34 crore in a month.

There was a big boom in the market on Friday

The Sensex climbed 1046 points to close at 82,408 on the last trading day of the week i.e. Friday, June 20. The Nifty also rose by 319 points, closed at 25,112.

Of the 30 shares of the Sensex, 27 rose and 3 declined. The shares of Airtel, Nestle, M&M rose by 3.2%. Maruti, UltraTech Cement and Axis Bank declined.

44 out of 50 shares of Nifty closed. The realty sector of NSE was the highest at 2.11%. Healthcare, banking, IT, metal, media, pharma index climbed up to 1.6%.

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