Stock Market Today: Is the market scared of Iran-Israel war? Know the biggest reason for the fall in Sensex and Nifty

News Topical, Digital Desk : Stock Market News: The market witnessed fluctuations in the second trading session of the week amid rapidly changing global signals. The market is once again witnessing a decline on Tuesday. Investors booked profits after the rise in the previous session. The ongoing tension between Israel and Iran has made investors cautious. However, the market was also seen recovering from the day's low levels in intraday.

After this, the Sensex fell by about 200 points and traded near 81,600. The day's low for the index was 81,427. Similarly, the Nifty improved from a low of 24,813 to trade near 24,861. Nifty Bank was seen trading at 55,692 with a decline of about 250 points.

At 02:20 pm, the domestic stock market was seen trading at the day's low levels. During this time, the Nifty slipped below 24,850. 37 out of 50 Nifty stocks, 10 out of 12 Nifty Bank stocks and 21 out of 30 Sensex stocks saw a decline. HDFC Securities Prime Research Head Devarshi Vakil said, "Trump's comments have increased the pressure on the markets."

Israel-Iran tension: The conflict between Israel and Iran continued for the fifth day. US President Donald Trump appealed to citizens in Tehran to leave the city as Iran rejected the nuclear weapons deal. Media reports are saying that the US may support Israel, raising concerns of increasing tensions in the region. Weakness in global markets: Asian markets, such as South Korea's Kospi, China's Shanghai Composite and Hong Kong's Hang Seng, remained in the red. US stock futures are also indicating a weak start. Oil prices rise: Brent crude rose 0.53% to $ 73.62 per barrel. News of US military relocation to Europe and Trump's early return from the G7 summit increased caution in the market. This is negative for oil importing countries like India. Foreign investors sell-off: Foreign institutional investors (FIIs) sold shares worth Rs 2,539.42 crore on Monday. US Fed decision: Investors are waiting for the US Federal Reserve's interest rate decision. Anand James of Geojit Investments said, "We do not think that the rally from the lower Bollinger band last Friday has much strength. We estimate that the upside will be limited to 24,832 and Nifty may stabilize around 24,500. If it fails to cross 24,832/88, it may fall to 24,060." 

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