The dynamics of Dalal Street is changing so rapidly that it has become very difficult to predict. The entire market is being overturned by one move and one statement by the American President. There was a holiday in the Indian stock market on Thursday. But when the market opened on Friday morning it turned red. In the early market, Sensex fell by about 800 points and Nifty also fell by 1 percent. During this period, about Rs 6 lakh crore of investors were lost.
But after some time the decline increased further. Around 10 o’clock. The Sensex fell more than 900 points, or more than 1%, to an intraday low of 74,347, while the Nifty 50 fell nearly 300 points, or more than 1%, to an intraday low of 23,026. Mid and small cap indices on BSE also recorded a decline of more than 1%.
Investors lost around Rs 6 lakh crore in a few minutes as the total market capitalization of BSE listed companies declined from Rs 431 lakh crore in the previous session to Rs 425 lakh crore.
Why did the market fall today?
weak global signal
The decline in the markets of other countries of the world is also affecting the Indian stock market. There is uncertainty regarding war in West Asia. America’s S&P 500 and Nasdaq Composite have fallen by about 2%. Along with this, Kospi and Nikkei 225 of Asia have also declined by about 2%.
Confusion increased due to Trump’s statement
Different and confusing news are coming regarding the ongoing war in West Asia, due to which investors have become cautious. US President Donald Trump has said that America will postpone attacks on Iran’s energy targets till April 6. But on the other hand, there are reports that Israel wants to weaken Iran’s military strength before the war ends. Expert VK Vijayakumar says that if the war continues for a long time, oil remains expensive and there is a problem in the supply of gas, then India’s economy will be adversely affected and the stock market will already start showing its effect.
rupee weakened
The Indian rupee has fallen to around 94.15 against the dollar, which is lower than before. The rupee has fallen by about 3.5% since last month. Due to this the market environment has become worse.
Crude oil remains expensive
Due to tensions related to Iran, the price of Brent Crude has increased to around $108 per barrel. Experts say that if oil remains expensive, there will be an atmosphere of fear in the stock market. Due to oil becoming expensive, the expenses of the companies increase, due to which their earnings and profits may slow down.