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News Topical, Digital Desk : Indian stock markets opened Monday (March 23) under heavy pressure. Investors were alarmed and uneasy due to global and domestic factors. The Sensex fell 1,555.60 points, or nearly 2%, to 72,977.34, while the Nifty 50 tumbled 480 points to 22,634.55. The Bank Nifty also fell nearly 1,400 points.
The biggest reason behind the decline is believed to be rising tensions in the US-Iran conflict and concerns about inflation. Now in its fourth week, the situation in the Middle East has become increasingly fragile. The Strait of Hormuz has been affected, threatening to create a crisis for global energy supplies.
Global Markets Under Pressure
Furthermore, international markets are also under pressure. Asian markets are trading in the red, and the US S&P 500 closed at a six-month low last week. Investors are concerned about global economic uncertainty and geopolitical tensions, which is also being reflected in the Indian market.
Gold and Silver Fall
A weak opening today also led to a decline in mid-cap and small-cap stocks. Investors preferred to sell to avoid risk. Gold and silver also opened with significant declines on the MCX. Gold opened down 5%, while silver opened with a 6% decline.
Experts believe that if tensions in the Middle East escalate further, further market declines are possible. Investors are advised to remain cautious and, if necessary, invest only in strong companies.
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