Leader Online Desk: Iran-Israel conflict A sharp fallout was seen in the Indian stock market today, Monday (15th). In early trade, the Sensex fell by as much as 800 points to below 73,400. While the Nifty 50 (Nifty) index reached the level of 22,350. Then around 10 am, the Sensex was trading at 73,660 with some recovery. (Stock Market Updates)
Indian benchmark equity indices started the week on a lower note on Monday. After Iran's attack on Israel, there are fears of a regional conflict. Due to this, investors have expressed concern. As a result, the mood of the market worsened.
The Economic TimesThe market capitalization of BSE-listed companies fell by Rs 6 lakh crore to Rs 393.77 lakh crore due to the initial decline, according to reports. In the first 15 minutes of trading in the market, investors were hit hard.
Sensex opened at 73,315 today. Then around 10 am it was at 73,660. Tata Motors, Bajaj Finserv, Bajaj Finance, Tata Steel, SBI, Hindustan Unilever, Wipro, ICICI Bank, ITC, Power Grid, Tech Mahindra fell between 1-2 percent on the Sensex. While the shares of TCS, Nestle India saw a slight increase.
Tata Consumer, Tata Motors, BPCL, Adani Enterprises, Bajaj Finserv are the top losers on Nifty. While ONGC, Hindalco, TCS shares are booming.
At the sectoral level, Nifty PAU Bank, Realty, Media indices opened with a 2 percent decline. Nifty Auto, Financials, Metals Pharma, Gas and Oil also declined. (Stock Market Updates)
Asian markets tumbled
Iran retaliated against Israel by launching a series of 300 drone and missile strikes on Israel at 3 midnight IST on Sunday. The repercussions of this have been felt in the Asian market. Asian markets including India have fallen. Japan's Nikkei and South Korea's Kospi index both initially fell by around 1 percent.
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