Stock market took a plunge after Iran-Israel war, Sensex-Nifty fell

Stock Market Today: Disappointing news has come out for investors in the stock market today, i.e. on October 3. The Sensex has fallen by more than 800 points, making it trade at the level of 83,400. At the same time, the Nifty is also seeing a decline of more than 300 points, which is taking it to the level of 25,450.

Major reasons for the decline

There are several important reasons behind the decline in today's market:

Negative sentiment in the global market: Due to the fear of war between Iran and Israel, a negative sentiment has been seen in the global market. This geopolitical tension is also affecting the Indian stock market.

Increase in current valuation: The current valuation in the Indian stock market is increased, especially in the mid and small-cap segments. Due to this, a good correction can be seen in the market, which is worrying for investors.

Fear of recession in US economy: Fear of recession in America has increased, due to which the US market declined on the last trading day. Its effect is also visible in markets around the world, including the Indian stock market.

Decline in the material sector

Auto, energy and banking stocks are seeing the biggest decline in today's trading. Major auto companies like M&M, Tata Motors and Maruti have declined by about 2%. So far this week, the market has fallen by a total of 2,500 points, which is a matter of concern for investors.

Performance of Asian markets

Asian markets have given mixed signals. Japan's Nikkei has seen a rise of 2.24%, while Hong Kong's Hang Seng index has fallen by 2.43% and Korea's Kospi index has fallen by 1.22%.

The situation of US markets has also not been very good. On October 2, the Dow Jones closed up 0.09% at 42,196, while the Nasdaq closed up 0.08% at 17,925. The S&P 500 also closed at 5,709 with a marginal gain of 0.01%.

Position of foreign and domestic investors

According to NSE data, foreign investors (FIIs) sold shares worth Rs 5,579 crore on October 1, while domestic investors (DIIs) bought shares worth Rs 4,60 crore. This trend makes it clear that the share of foreign investors in the market has decreased, which is putting pressure on the Indian market.

New investment opportunities

The Initial Public Offer (IPO) of Garuda Construction and Engineering Limited will open on October 8. Investors will be able to bid for this issue till October 10. On October 15, the shares of this company will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), which can provide new investment opportunities.

Conclusion

Today's market decline has created an atmosphere of concern among investors. Global developments and local market conditions together have caused this decline. In such a situation, investors have to be cautious and re-evaluate their investment decisions.