Stock market collapse due to US attack on Syria, Sensex breaks over 1900 points

Sensex slumps 740.19 pts

Mumbai: Due to weak global sentiment, there is a huge decline in the stock market today. The Sensex has closed down by 1939 points. At the same time, the Nifty has also slipped around 14500. In fact, due to the US air strike on Syria, the market sentiments around the world have weakened today. At the same time, profit recovery has also increased due to the increase in bond yield. Yesterday, the US markets closed on a huge decline. Today, there is a sell in Asian markets. At the end of trading at present, the Sensex is down by about 1939 points and it closed at the level of 49,099.99 today. At the same time, the Nifty is down by 587 points and it has come down to the level of 14510. There is a huge sell in the market. All 30 stocks of Sensex 30 are down. ONGC and M&M are down 6 percent. Bank and financial stocks are the most vulnerable. Talking about global signs, the Dow Jones closed with a fall of 560 points on Thursday. At the same time, selling was seen in Asian markets today.

In this huge decline of the market, 6 lakh crores of investors were drowned in a single day. The market cap of the BSE listed companies on February 25 was Rs 2,06,18,471.67 crore. Whereas on 26th February it came down to Rs.2,00,64,472.99 crore.

Sentiments in markets around the world have deteriorated due to America’s attack on Syria. Geo political tension has increased. Air strikes have taken place at the behest of US President Joe Biden. US has taken action on terrorist organizations supported by Iran. This air strike has taken place at the border of Syria and Iraq.

There has been a huge sell-off in bank shares. Banks and financial indices have broken up to 5 per cent on the Nifty. All 12 out of 12 indices on the Nifty have closed in red. The auto index has fallen by 3.5 percent, metal and realty by 3 percent. The IT index has weakened by 2 per cent and the FMCG index by over 1.5 per cent. Pharma index also weakened by 2 percent.

In today’s trade, all the shares of Sensex 30 have closed in red mark. There was a huge sell-off in largecap stocks. ONGC and M&M are down 6 percent. Axis Bank, PowerGrid, Kotak Bank and Ajaz Finserv saw a decline of up to 6 percent. HDFC, Bajaj Finance, ICICI Bank are also among the top losers.

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