BSE Sensex began lower at 72,892 and went on to strike an intraday low of 72,814 mark, shedding about 2,184 points in three sessions. Today’s Sensex meltdown occurred as a result of this behavior.
Stock Market Crash Toda
The Indian stock market continued its downward trend for the third consecutive session today (April 16). The Nifty 50 index began down at 22,125 level and reached an intraday low of 22,103 mark, resulting in a loss of roughly 650 points in only three days. During the course of three sessions, the BSE Sensex saw a loss of around 2,184 points, beginning at 72,892 and reaching a low of 72,814 during the course of the trading day. In today’s trading session, the Bank Nifty started at 47,436 and then proceeded to reach its lowest point of the day, which was 47,316.
People are looking at a screen that is shown on the façade of the Bombay Stock Exchange (BSE) building in Mumbai. The screen is reflecting the results of the Sensex crash that occurred today. From Sources:
People are looking at a screen that is shown on the façade of the Bombay Stock Exchange (BSE) building in Mumbai. The screen is reflecting the results of the Sensex crash that occurred today.
Learn more by reading: How to be an SBI registered investment advisor.
In just three trading sessions, stocks have called down many steps
The Nifty 50 index dropped by almost 650 points during the course of the previous three days, the BSE Sensex dropped by around 2,200 points, and the Bank Nifty index dropped by 2,700 points. Meanwhile, the small-cap index has increased by about one percent, while the mid-cap index has increased by approximately forty percent.
What caused the Sensex to collapse after the Iran-Israel conflict?
A number of factors have contributed to the decline in the stock market. One of these factors is the escalation of tension in the Middle East as a consequence of the dispute between Israel and Iran. This fight has caused geopolitical instability in the area.
Learn more by reading: tensions between Iran and Israel triggering a change in Indian Stock Market.
How are markets throughout the world feeling?
As the United States stock market finished the day on Friday with a lower closing price, widespread selling was observed throughout global bourses. On Monday, Asian markets such as the Nikkei, Hang Seng, and Kospi were with strong pressure.
Does this have any bearing on the price of crude oil?
It is true that the price of crude oil has reached its highest level in the past six months on both local and foreign markets, with a rise of approximately six percent in March 2024 and three percent in April up until this point.
Read more about stock market crash here.