Even though America and Israel together attacked Iran on 28 February, its rumblings and its impact on the stock markets around the world started becoming visible from 27 February itself. We can say that from February 27, the sentiment in the stock markets around the world started deteriorating. The assessment done by TV9 Hindi Digital on the American and Indian stock markets clearly shows that the impact of this war has been more visible on the Bombay and National Stock Exchanges.
Where both the indices of the Indian stock market have seen a decline of more than 9 percent. On the other hand, the three indices of the American Stock Exchange, Nasdaq Composite, Dow Jones and S&P500 have seen a decline of 3 to 6 percent. The special thing is that the investors of the Indian stock market have suffered a loss of about Rs 39 lakh crore since February 26.
According to experts, there are many other reasons for the fall of India’s stock markets. The impact of the war is being seen not only on the Indian stock markets but also on the prices of crude oil, which India imports 88 percent of its requirement. Crude oil above $100 is not good for India’s economy. There is a continuous decline in the rupee and it has reached a record low level. Apart from this, selling by foreign investors is also continuing.
In the month of March, foreign investors have sold more than Rs 52 thousand crore from the stock market. The possibility of increasing inflation and decreasing GDP cannot be ruled out. Let us also tell you what kind of figures are being seen in the stock markets from America to India after 26th February. Let us start with the American stock markets first…
The condition of American market is like this
NASDAQ COMPOSITE: Nasdaq Composite, the heavyweight index of the American stock market, has seen a significant decline in the last 15 days. If we look at the data, Nasdaq Composite closed at 22,878.38 points on 26th February, which came down to 22,105.36 points on Friday i.e. 13th March. This means that during this period a decline of 3.38 percent has been seen in Nasdaq Composite.
S&P500: S&P500, the largest index of American stock markets, is also no less. There has been a significant decline since the past few days i.e. 26th February. If we look at the data, it closed at 6,908.86 points on February 26. Which has come down to 6,632.19 points on March 13. This means that it has declined by 4 percent.
Dow Jones: Another American index, Dow Jones, has seen a bigger decline than the other two indexes, which is about 6 percent. According to the data, since February 26, it has seen a decline of 2,940.73 points. If we look at the data, Dow Jones was at 49,499.20 points on February 26, which closed at 46,558.47 points on March 13, which means that a decline of 5.94 percent has been seen.
Great fall in Indian stock markets
On the other hand, if we talk about Indian stock markets, a lot of decline has been seen here. Since February 26, Sensex and Nifty have seen a decline of more than 9 percent. First of all, if we talk about Sensex, the main index of Bombay Stock Exchange, on February 26, Sensex closed at 82,248.61 points. From then till now, it has seen a decline of 7,684.69 points i.e. 9.34 percent. After which the Sensex closed at 74,563.92 points. On Friday also, a fall of 1.93 percent i.e. 1,470.50 points was seen in the Sensex.
On the other hand, a significant decline has also been seen in Nifty, the main index of the National Stock Exchange. On Friday, a fall of 488 i.e. 2 percent was seen in Nifty and the figure came to 23,151.10 points. At the same time, since February 26, it has declined by 9.20 percent. However, on February 26, Nifty closed at 25496.55 points. Since then, Nifty has seen a decline of 2,345.45 points.
How much loss did stock market investors suffer?
Ever since rumors of war started in the Middle East, stock market investors have suffered huge losses. The assessment of this loss started becoming visible after 26 February. If we look at the data, the market cap of BSE on February 26 was Rs 4,68,49,274.69 crore, which came down to Rs 4,29,82,252.27 crore on March 13. This means that the market cap of BSE has decreased by Rs 38,67,022.42 crore. These stock market investors have suffered losses.