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Indian Share Market Crash Today: There is an outcry and huge disappointment in the stock market since this morning. For the last five trading sessions, the market was witnessing a steady rise which has suddenly stopped. There was a clear indication from the trends of GIFT Nifty in the morning that the market is going to open under pressure today. Market experts believe that today’s decline has occurred due to heavy profit-booking by investors.

Despite mixed signals from foreign markets, the Indian market could not maintain its growth at all today. Although a good rise was recorded in technology stocks in America, its positive impact was not visible in India. Due to the peace agreement between America and Iran, the prices of crude oil have definitely softened, which is a matter of relief. Apart from this, the eyes of all the investors are completely focused on the upcoming AGM of Reliance Industries.

Sensex and Nifty status

This morning, BSE Sensex started trading openly at the level of 76852 with a loss of 557 points. After this the fall in the market increased further and the Sensex came down to 76605 with a loss of more than 800 points. Whereas NSE Nifty fell by 176 points and opened at 23991 and later fell by 220 points and reached the level of 23943. In the last trading session on Thursday, Sensex closed in the green at a strong level of 77409.98 and Nifty at 24168.

Heavy selling in IT sector

Today, the worst condition of all the big companies of IT sector is clearly visible in the stock market. A huge fall of more than 8 percent has been recorded in the shares of major IT company Infosys since morning. Apart from this, the shares of TCS, the country’s largest IT company, have also fallen badly by 6 percent today. Shares of Tech Mahindra have fallen by 5.52 percent, HCL Tech by 5.26 percent and Wipro has also fallen by 3.57 percent.

Crude oil and global markets

There was a strong rally in technology stocks on Wall Street on Thursday and the Nasdaq index closed up 1.91 percent. The US-Iran agreement has brought huge relief to the global energy market and the movement of ships in the Strait of Hormuz has normalized. Due to this, Brent crude is giving great relief by falling 0.84 percent to a low of $ 79.18 per barrel. Due to heavy pressure, WTI crude is also clearly visible today trading around $ 76 per barrel.