Share market review: Even in the second week of June, there is a situation of uncertainty in the Indian stock market. The war between Israel and Iran affected the market this week. Investors kept distance from high risk properties. The direction of the local stock market will be decided this week from Iran-Israel Conflict, Brent crude oil prices, inflation figures and decision on US central bank interest rate. The central banks of Japan and Britain will also announce their interest rates separately.
Sensex and Nifty fell by about one percent on Friday last week. The rise in weak global markets and brent crude oil prices affected the notion of investors. The 30 -share Sensex of BSE came down 1,070.39 points or 1.30 percent. The National Stock Exchange’s Nifty was in a loss of 284.45 points or 1.13 percent.
How was the Sensex and Nifty move: The local stock market continued to rise in the fourth consecutive trading session on Monday and the BSE Sensex was in profit of 256 points. At the same time, the Nifty of the National Stock Exchange climbed 100 points. On Tuesday, there was a decline of 52 points in the Sensex, while the Nifty also increased only 1 point. The domestic market was strengthened on Wednesday amidst hope for trade talks between the US and China and the increase in global markets due to the capital flow of foreign institutional investors. The local stock market rose on Wednesday and the BSE Sensex rose 123 points. The Nifty also climbed 37 points to close at 25,141.40 points.
On Thursday, the Sensex drops 823 points, Nifty slipped below 25,000 points due to increased tension in West Asia. The stock market showed a huge decline in the stock market due to increased tension in West Asia and Air India aircraft accident. Capital withdrawal of foreign institutional investors also affected the notion of investors. The BSE’s 30 -share index Sensex closed at 81,118.60 points on Friday at 81,118.60. The Nifty also broke 170 points. In the last two seasons, the Sensex has fallen by a total of 1,396.54 points, or 1.69 percent. Investors in the equity market have suffered a total loss of Rs 8.35 lakh crore amidst the ongoing decline in the stock market.
Crude oil -linked companies declines : The shares of oil marketing companies, aviation, paints and tire companies declined after the rise in the prices of global oil standard brent crude amid growing stress in Israel and Iran. These are the areas that are associated with crude oil. Bharat Petroleum Corporation Limited’s stock on BSE declined by 1.90 percent, 1.78 percent in Indian Oil Corporation and 1.41 percent in the stock of Hindustan Petroleum Corporation Limited. Interglobe Aviation shares fell 3.71 percent and SpiceJet’s stock fell by 1.95 percent.
According to experts, geopolitical tension is increasing and it is affecting the oil market. Aerial attacks in Israel on Iran have led to the possibility of supply disrupted, leading to a rise in crude oil prices.
Market capitalization of 8 big companies decreased by Rs 1.65 lakh crore: The market capitalization (market cap) of 8 of the top 10 most valuable companies of the Sensex fell by Rs 1,65,501.49 crore in the midst of the Sensex’s top 10 most valuable companies last week. HDFC Bank suffered the most loss. Market evaluation of Reliance Industries, Bharti Airtel, ICICI Bank, State Bank of India, Life Insurance Corporation of India (LIC), Bajaj Finance and Hindustan Unilever Limited declined.
Reliance Industries stood first in the list of top 10 companies. After that HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Limited were ranked.
What do experts say: Market expert Yogesh Bagaura Said that there was a doubt in the stock market due to tension in Central Asia. Crude prices are rising rapidly and in case of war it can soon reach $ 110 per barrel. This can cause lethargy in the economy. Oil hit can also affect economic development. This can have a negative impact on the stock market.
He said that investors should take care of 23800 levels while investing in Nifty. There may be a huge decline in the market below it. Similarly, the Sensex may also fall from 2500 to 3000 points. He currently advised investors to avoid investing in shares of oil companies.
Edited by: Nrapendra Gupta
