Share Market Opening 27 March BSE Sensex NSE Nifty drops after israel attacks on iran

Share Market Opening 27 March: New bad news came to light on the last day of the week which was proving bad for the domestic market from the beginning. Due to the fear of a large-scale war in West Asia, both the major indices BSE Sensex and NSE Nifty took a dive as soon as they opened on Friday.

As soon as trading started at 9.15 am, Sensex took a dive of more than 550 points and opened below 72 thousand points. At 9.20 am, the Sensex was trading near 71,890 points with a loss of more than 600 points. The Sensex has dipped below 71,850 points in early trade. Nifty was at 21,795 points with a loss of 200 points.

Pre-open session signals

There were already signs of a big decline in today's business. In the morning, Nifty futures had fallen by more than 300 points in Gift City. There were signs of a big decline in the pre-open session also. In the pre-open session, the Sensex fell by 490 points and came below the level of 72 thousand points. Nifty was also at a loss of 135 points in the pre-open session.

This fear continues to haunt investors

In fact, reports are coming out that Israel has retaliated against Iran. According to Reuters report, Israel has attacked many Iranian targets with missiles, including some nuclear centers. This is being said to be a response to Iran's attack on Israel last week with hundreds of drones and missiles. This action by Israel has increased the fear that a direct war may break out between the two powerful countries of West Asia. Investors around the world are worried due to this fear.

Global market reaction to the attack

Asian markets are facing huge losses after the news of the attack came out. Japan's Nikkei is at a loss of about 2 percent in early trade. The Topix index has fallen 1.3 percent. South Korea's Kospi is down 1.8 percent. Kosdaq is in loss of 1.34 percent. Hang Seng futures in Hong Kong are also at a loss of more than 1 percent.

This is the condition of American market

Earlier on Thursday, there was a mixed trend in the American market. The S&P 500 was in loss for the fifth consecutive session. There was a decline of 0.52 percent in Nasdaq. Whereas the Dow Jones Industrial Average was in a slight rise. However, after the news of the attack today, Dow Jones futures are at a loss of more than 2 percent.

There was such a decline in the market yesterday

Pressure was already being seen in the stock market. Earlier, even though the domestic market started well in Thursday's trading, it later fell and closed with a loss for the fourth consecutive day. On Thursday, BSE Sensex fell by 454.69 points (0.62 percent) and closed at 72,488.99 points. Nifty50 slipped 152.05 points (0.69 percent) yesterday to 21,995.85 points.

A new record was made last week

Sensex and Nifty have fallen far below their all-time high. The market had achieved its new record high only last week. Sensex crossed the level of 75 thousand points for the first time and made a new high of 75,124.28 points. Whereas Nifty50 was successful in crossing the level of 22,775 points.

Also read: Israel hits back at Iran, signs of huge fall in stock market