There was such a storm in the stock market on Monday, the first day of the week, that the 30-share Sensex of Bombay Stock Exchange fell by more than 800 points. Like Sensex, Nifty also saw a sharp decline and closed with a slip of more than 1 percent. Shares of 10 companies have suffered huge losses in this big fall amid the ongoing Iran-Israel war.
Sensex and Nifty closed badly
Monday proved to be a very bad day for stock market investors. BSE Sensex opened at the level of 73,315.16 and after the market closed at 3.30 pm, it closed at the level of 73,399.78 with a fall of 845.12 percent. Along with Sensex, Nifty50 also closed at 22,272.50 with a strong fall of 246.90 points and opened with a fall at 22,339.05 at 9.15 am on Monday.
These 10 stocks lost money
Talking about the 10 stocks which fell the most amidst the chaos in the stock market on Monday, the shares of Mukesh Ambani's firm Jio Financial Services, included in the large cap companies, fell by 4.81 percent to Rs 354.30. Closed. Whereas the stock of Gautam Adani's company Adani Green Energy (Adani Green Energy Stock) slipped by 3.66 percent and closed at Rs 1815. Apart from this, IRFC Share closed at Rs 140.25 with a decline of 3.48 percent.
Now talking about mid cap shares, SJVN Share fell by 5.08 percent to Rs 124.20, Max Healthcare Share fell by 4.26 percent to Rs 833.35 and Mahindra Finance Share fell by 4.17 percent. It fell and closed at Rs 290.80.
Shares of small cap companies also fell badly and were seen trading in the red from beginning to end in the falling market. Among these, the biggest fall was NBCC (India)'s share which fell by 5.73 per cent to Rs 125.95, KEC International Stock fell by 5.71 per cent to Rs 704.10 and Castrol India's share fell by 5.66 per cent to close at Rs 210.80.
Fall in these stocks after Iran-Israel war
The effect of increased tension between Iran and Israel in the stock market has also been visible on the shares of some companies. Gautam Adani's company Adani Ports is also included in these. Actually, Adani has a special connection with Israel and this company has a big business there. In the year 2022 itself, Adani Ports and SEZ (APSEZ) had won the tender for privatization of Israel's Haifa Port in a joint venture. This tender was worth about 1.8 billion dollars. Adani Port has 70 percent stake in this venture. Adani Port Share closed 2.06 percent at Rs 1316.50 on Monday due to the news of war.
(Note- Before making any investment in the stock market, definitely take advice from your market experts.)
