The impact of the war between Iran and Israel has been seen in the Indian stock market. Today i.e. on 3rd October a decrease is being seen. The Sensex has fallen by around 900 points, while the Nifty is also witnessing a decline of around 300 points.
Today, auto, energy and banking shares are witnessing a major decline. M&M, Tata Motors and Maruti are down around 2%. The market has seen a decline of around 2,500 points so far this week.
3 Reasons for Market Decline
- There is a negative sentiment in the global market due to the fear of war between Iran and Israel. Its effect has also been seen on the Indian stock market.
- The current valuation of the Indian stock market has increased. Especially in the mid and small-cap segment. Due to this a significant correction can be seen in the market.
- Fears of a recession in the US have increased, due to which the US market saw a decline in the last trading day. Its effect is being seen in the markets all over the world.
The Asian market was booming
- In Asian markets, Japan's Nikkei is up 2.24%. At the same time, Hong Kong's Hang Seng index is down 2.43% and Korea's Kospi index is down 1.22%.
- On October 2, the US Dow Jones Industrial Average rose 0.09% to 42,196 and the Nasdaq rose 0.08% to 17,925. The S&P 500 also rose 0.01% to 5,709.
- According to NSE data, foreign investors (FIIs) on October 1 invested Rs. 5,579 crore worth of shares were sold. During this period Domestic Investors (DII) invested Rs. 4,60 crore shares were bought.
The market saw a decline on Tuesday
Earlier on Tuesday i.e. October 1, the Sensex closed down 33 points at 84,266. At the same time, the Nifty also fell 15 points to close at 25,796. The market was closed on October 2, Gandhi Jayanti.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
