Leaders Online: The strong impact of Iran-Israel conflict (Iran-Israel conflict) appeared in the Indian stock market today, Monday (15th). This led to a big fall in the Indian stock market on the opening day of the week on Monday. Fears of regional conflict after Iran's attack on Israel have raised concerns among investors. As a result, the mood of the market worsened. (Stock Market Closing Bell)
Sensex fell by as much as 850 points in today's trading session. The Nifty index fell below 22,300 for the second session in a row. The Sensex then closed down 845 points or 1.14 per cent at 73,399. Nifty fell by 246 points or 1.10 percent to settle at 22,272.
All other sectoral indices closed in the red except oil and gas and metals. The BSE Midcap and Smallcap indices were down 1.5 percent each. The stock market saw a sell-off for the second consecutive session today.
5 lakh crores lost by investors
The Economic TimesToday's fall saw the market capitalization of BSE listed companies fall by Rs 4.94 lakh crore to Rs 394.73 lakh crore, according to reports.
Which stocks fell?
Sensex traded at 73,300 level today. On the Sensex, shares of Bajaj Finserv, Wipro, ICICI Bank, LT, Bajaj Finance fell by 2 percent each. At the same time, shares of Tata Motors Tech Mahindra, Hindustan Unilever, HDFC Bank, Axis Bank, Tata Steel, TCS, Ultratech Cement, SBI also fell. Meanwhile, shares of Maruti, Nestle rose marginally.
Top losers on Nifty were Shriram Finance, Wipro, ICICI Bank, Bajaj Finserv, Bajaj Finance. While the shares of ONGC, Hindalco, Maruti remained bullish.
IT and banking are the worst hit
Iran carried out a series of 300 drone and missile strikes on Israel on Sunday night. The impact of this was seen in the Asian market. Benchmark indices Sensex and Nifty fell on renewed tensions in the Middle East. IT and banking indices were the worst hit. Overall, most sectors remained under pressure today. Asian markets including India fell. Japan's Nikkei and South Korea's Kospi fell today. (Stock Market Closing Bell)
Investors beware
The deteriorating situation in the Middle East due to the conflict between Iran and Israel is also reflected in the stock market. This has alerted investors across the world including India. Market experts say that due to this, investors have turned to profit booking.
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