Red signals are being received from abroad for the stock market on Tuesday. On Monday, Sensex-Nifty were seen running with tremendous speed, whose speed may get braked. Actually, earthquake is being seen in all the Asian stock markets including Gift Nifty and with the opening, they are trading with a huge decline. Apart from this, due to lack of talks between America and Iran regarding Hormuz, crude prices are on fire and it is trading around $ 110 per barrel in the international market.
Bomb yesterday, negative sign today
There was a huge rise in the stock market on Monday. At the end of the day’s trading, BSE Sensex closed at 77,303 with a gain of 639.42 points, while NSE Nifty also showed strength and this 50-share index closed at 24,093 with a gain of 194.75 points.
However, if we talk about Tuesday, there are ‘inauspicious’ signals coming from abroad in the stock market. Gifty Nifty, which is considered an indicator for the Indian stock market, was seen trading in the red zone as soon as it opened and till the time of writing the news, it was trading at 23,995 with a fall of 130 points.
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Decline from Japan to Hong Kong
Not only Gifty Nifty, but many other Asian stock markets are witnessing a decline. Japan’s Nikkei index was down by more than 300 points and was trading at 60,238, while Hong Kong’s HangSeng index had also slipped by 180 points to 25,750.
Apart from this, a decline is being seen in Britain’s FTSE-100 Index, DAX Index, CAC Index. Although South Korea’s Kospi index is in the green zone, this increase is minor.
Tension due to crude oil prices
Tension continues between America and Iran and no agreement has been reached yet regarding peace talks between the two. The direct impact of the ongoing tension regarding Hormuz Strait is being seen on the crude oil prices. In the international market, the price of Brent crude remains at the level of $ 109.5 per barrel. So the WTI Crude Price is also trading around $98. Murban Crude Price is around $105.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)
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