Crisis in the Stock Market: Iran-Israel Conflict Leads to Rs 5 Lakh Crore Loss

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INVC NEWS
Mumbai  : There is an outcry in the domestic stock market on the first day of the trading week. As soon as the market opened, the Sensex fell by 727 points and reached the level of 73,531 points. Selling dominates the market during the trading session. A decline is also being seen in Nifty. Nifty was trading at 22,315.20, falling more than 200 points.

Amidst this fall, stock market investors suffered a loss of about Rs 5 lakh crore. The total market cap of all shares listed on BSE as on April 12, 2024 was Rs 3,99,67,051.91 crore. On Monday it came down to Rs 3,94,68,258.03 crore. This means that investors’ capital has decreased by Rs 4,98,793.88 crore.

Among the companies included in the Sensex, shares of Sun Pharma, Maruti Suzuki, Power Grid, Titan, JSW Steel, Tech Mahindra, Larsen & Toubro and State Bank of India were falling. Whereas shares of Tata Motors, Tata Consultancy Services (TCS) and Nestle closed with gains. Earlier on Thursday, the markets were closed on the occasion of Eid-ul-Fitr.

Whereas on Wednesday, BSE Sensex had climbed 354.45 points and closed at an all-time high of 75,038.15 points. All-round decline is also being seen in Asian markets. Kospi, Hang Seng, Shanghai Composite, Nikkei all have a red sign of weakness. The impact of Iran-Israel tension and rise in crude oil is adversely affecting the Asian markets.

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