Earthquake in stock market: 12 trillion rupees Wiped out as Sensex, Nifty, and Gold fall, Oil & gas crisis worsen

Earthquake in stock market: 12 trillion rupees Wiped out as Sensex, Nifty, and Gold fall, Oil & gas crisis worsen 

The stock market is dominated by red. Where the market had been opening and closing in the green for three consecutive days, it opened in the gap down today. At the open, Sensex fell 1953 points while Nifty was down 453. By 3 pm, Sensex fell by over 2000 points while the NSE was down by 800 points. At the close, the BSE market cap lost over Rs 12 trillion in value.

This comes after Iran struck key energy facilities in the Gulf, sending Brend crude oil above $110 per barrel. HDFC Bank's shares fell sharply after the chairman resigned with immediate effect.

Meanwhile, the Federal Reserve interest rate has remained unchanged, which will likely keep bonds attractive. This will likely lead to a sell-off in the Indian stock market. The GIFT Nifty has turned negative. The rate was originally 23,324 but fell 432 points.

Any trader who hasn't booked a profit in three days will likely see their portfolios red-shoeing. Retail traders have suffered the most losses, and the entire market is in panic, with all shares down.