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Stock Market: Panic has hit Asian markets following Israel's most recent attacks on Lebanon. The Shanghai Composite in China is closed to trading. The Kospi in South Korea and the Hang Seng in Hong Kong are both trading lower. But in the interim, the Nikkei225 of Japan is trading higher.
Stock Market: Since early trading on Thursday, October 3, 2024, the recent attacks by Israel on Lebanon have generated fear in the domestic stock market. The main sensitive index of the Bombay Stock Exchange (BSE), the Sensex, opened 1,264.2 points lower at 83,002.09 points. The National Stock Exchange (NSE) Nifty dropped 208.05 points to 25,588.85 points at the same moment. Earlier on Tuesday, October 1, 2024, the Nifty on the NSE closed slightly lower by 0.01% at 25,807.35, and the Sensex closed down 33 points at 84,266.29.
22 BSE Sensex equities were lost.
Twenty-two of the thirty companies included on the BSE Sensex have seen losses in early trading on the stock market. Asian Paints incurred the greatest loss of any of these. At Rs 3200.35 per share, the stock is down 2.34% on the market. In addition, stocks of Larsen & Toubro, Reliance, Kotak Mahindra Bank, Mahindra & Mahindra, Tata Motors, and Maruti Suzuki India
Stock Market: The Israeli strike on Lebanon triggers a panic in the stock market, causing the Sensex to plummet by 1264 points during early trading.https://t.co/dGTpRZKf5v pic.twitter.com/zNCcSG7YNp
— 🤝Oysis Digital Shop 🪴 (@horo_oysis) October 3, 2024
Other financial institutions that are experiencing negative trading include Axis Bank, HDFC Bank, ICICI Bank, TCS, Bajaj Finserv, Nestle India, Power Grid, Bajaj Finance, HCL Technologies, Adani Ports, Bharti Airtel, Hindustan Unilever, ITC, Tech Mahindra, and State Bank of India. In addition, there is profit on the shares of Titan, Infosys, JSW Steel, Tata Steel, National Thermal Power Corporation, and UltraTech Cement.
An environment of fear in Asian marketplaces
There is a panic in Asian markets due to Israel's recent attacks on Lebanon. The Shanghai Composite in China is closed to trading. The Kospi in South Korea and the Hang Seng in Hong Kong are both trading lower. But in the interim, the Nikkei 225 of Japan is doing well financially. The markets in America and Europe are trending upward. Gold increased by 0.16% on the global market to $2,656.10 an ounce. Brent crude saw a 1.17% increase in value on Wednesday, closing at $74.77 a barrel on the international oil market.
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