Share Market Crash: Along with the Indian stock market, international stock markets also saw a sharp decline today. This has also affected crude oil. This is the result of renewed tensions between the US and Iran.

Tensions between Iran and the US have escalated again, impacting the stock market.

Share Market Crash: The Indian stock market is witnessing a significant decline today. The renewed tensions between the US and Iran have had a profound impact on investor sentiment, leading to a sharp decline in the Sensex. As of 2 p.m., the BSE Sensex was trading down nearly 1,800 points, or 2.05%, at 76,570, while the NSE Nifty index was down 493 points, or 2.03%, at 23,907.

Heavy fall in the stock market:
This huge fall in the stock market today has caused huge losses to the investors. The total wealth of investors was recorded at Rs 480.20 lakh crore on Tuesday, which has come down by Rs 8.56 lakh crore today to Rs 471.64 lakh crore. In the afternoon trade, shares like Interglobe Aviation, HUL, Maruti Suzuki, ITC, Asian Paints, Bharti Airtel, Bajaj Finance, RIL, Ultratech Cement and Axis Bank included in the Sensex fell by up to 5%. All these shares were trading in the red.

The Indian stock market
closed with a massive decline as of 2:30 pm on Wednesday. The Sensex fell nearly 1,900 points intraday and finally closed at 76,302.46, a massive 1,878.26 points (2.40%). This massive decline resulted in investors losing millions of crores of rupees, and the Nifty 50 also slipped below the psychological level of 24,000.

Crude oil prices also rose.
Tensions between Iran and the US flared up again last night. Attacks continued throughout the night between the two sides. As soon as US President Donald Trump announced that the ceasefire agreement with Iran was over, crude oil prices also rose in the international market. Brent crude prices rose 6 percent overnight to reach $78. The impact of this could be felt in other countries in the future.

Currently, all eyes are on the Strait of Hormuz. If the Strait of Hormuz is blocked, people in India and other countries may once again face the brunt of inflation. People had recently experienced some relief from this, but now the situation has returned to the same level.