Stock market: Stock market plunges, Sensex plunges over 900 points to 73,300.

Stock Market Opening: Worrying signals from the global markets are seen impacting the opening of the Indian market and the NSE Nifty saw a 700-point drop before the market opened and the BSE Sensex was trading further down. More than 3450 points, the effects of Iran-Israel tensions are clearly being seen on global markets and FII sentiments in the market are negative.

How did the market start?

The BSE Sensex opened at 73,315, down 929.74 points or 1.25 percent. The NSE Nifty opened down 180.35 points or 0.80 percent at 22,339.

The Sensex was in the red.

BSE Sensex is in the red with only 3 out of 30 stocks rising and 27 stocks falling. Shares of TCS, Nestlé, HCL Tech are seen rising. Shares of Tata Motors, Tata Steel, SBI, NTPC, PowerGrid witnessed maximum weakness.

Only 4 Nifty stocks are rising.

46 out of 50 Nifty stocks are trading bearish and only 4 stocks are barely in bullish range. Shares of Hindalco, ONGC, TCS and Nestlé are trading only with gains and all other stocks are showing red sign of weakness.

A sharp drop in market pre-opening

The local stock market has witnessed sharp falls in the stock market prior to its launch. At pre-opening time, the Sensex was seen trading at 72028 level, a sharp fall of 2216 points or 2.99%. While the NSE Nifty fell by 249.20 points or 1.11 percent to 22270.

Asian markets fell sharply

Asian markets are also witnessing an all-round decline. Kospi, Hang Seng, Shanghai Composite, Nikkei all have red sign of weakness. Iran-Israel tensions and rising crude oil prices are having a negative impact on the Asian markets.

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