Stock Market Today (AI Image)

Fall in stock market today: nifty50 And bse sensex Oil prices fell in early trade on Monday amid the ongoing war between America and Iran. While Nifty 50 dropped below 23,000, BSE Sensex fell by over 1,300 points. At 9:17 am Nifty50 was trading at 22,698.55, down 416 points or 1.80%. The BSE Sensex was down 1,365 points or 1.83% at 73,168.18.The near-term outlook is largely dependent on incoming economic data, while geopolitical developments in the Middle East and fluctuations in crude oil prices are expected to be the primary external factors shaping the market direction.Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, says, “The war in West Asia has entered its fourth week, with no clarity on when the war will end. Unfortunately, the war is escalating as President Trump has given Iran an ultimatum to open the Strait of Hormuz in 48 hours. The Iranian President’s response that “the Strait of Hormuz is open to all except those who violate our soil” has sent the oil market reeling. Panic has been prevented. However, the uncertainty is huge and the market will be waiting and watching the outcome.“It is important to understand that the huge risk appetite globally has hit all assets including stocks, bonds and precious metals like gold and silver. In fact, the fall in safe haven gold is worse than equities. There is nothing investors can do during this crisis with huge uncertainties. If history is any guide, investors should not panic but remain calm. A sharp fall in the rupee will benefit pharmaceuticals and exporters like auto and auto ancillaries. The battered IT segment may surprise with a comeback.Asian markets opened on a weak note at the beginning of the week with fall in stocks and sharp fluctuations in oil prices. The ongoing conflict, which shows no clear signs of abating, has heightened investor jitters, while US Treasury yields continued to rise amid a prolonged selloff in bonds.Wall Street closed sharply lower on Friday, with major technology stocks such as Nvidia and Microsoft falling as the US-Israel conflict with Iran entered its fourth week. Prolonged tensions have raised concerns about rising inflation and the prospect of higher interest rates.Crude oil prices remained largely steady on Monday as markets balanced the risks of escalating attacks on energy infrastructure by the US and Iran against a potential increase in global supply following Washington’s decision to allow the release of Iranian oil held at sea.On the domestic front, foreign portfolio investors remained net sellers, selling equities worth Rs 5,518 crore on Friday. In contrast, domestic institutional investors provided some support to the market, and emerged as net buyers worth Rs 5,706 crore.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management are their own. These opinions do not represent the views of The Times of India)