Stock Market Today: Impact of Israel-Iran tension, selling dominates the stock market again, Sensex falls by 500 points

The effect of the ongoing tension between Israel and Iran is being seen on the global market as well as the Indian stock market. After huge fluctuations yesterday, a period of selling is being seen in the stock market again today. Due to increasing tension in West Asia, today i.e. on Tuesday, April 16, the major benchmark indices of the stock market opened in the red. In early trade, Sensex fell 585.63 points to 72,814.15 and Nifty fell 168.65 points to 22,103.85.

At the same time, around 9.38 am, Sensex was trading at 73,108.26, down by 291.52 points (0.40%) and Nifty was trading at 22,203.55, down by 68.95 points (0.31%).

The stock market closed with a sharp fall on Monday. The 30-share BSE Sensex declined for the second consecutive trading session and closed at 73,399.78 points, down 845.12 points or 1.14 percent. During trading yesterday, at one time it had fallen to 929.74 points. With this decline, the market capitalization of BSE listed companies fell by Rs 5,18,953.97 crore to Rs 3,94,48,097.90 crore. At the same time, due to this fall, investors lost Rs 5.18 lakh crore.

According to stock market data, foreign institutional investors (FIIs) were net sellers in the capital market. He sold shares worth a net Rs 3,268 crore on Monday.