After Israel’s attack on Iran, today, i.e. June 13, the stock market is witnessing a decline. The Sensex is trading at 81,100 with a decline of 700 points. The Nifty has also fallen by about 200 points. It is trading at 24,650. All 30 stocks of the Sensex are witnessing a decline. The biggest decline is being seen in banking, oil and gas, auto and IT stocks. After yesterday’s Air India plane crash, airline stocks have also seen a decline. 2 major reasons for the decline in the market Israel has attacked Iran. This is the biggest reason for the decline in the market. Whenever there is a war or tension between two big countries, investors get scared and start withdrawing money from the stock market. This time Israel attacked Iran’s nuclear facilities and military sites, raising fears that the war in the Middle East could intensify. The price of crude oil has increased by more than 10% since the attack. This is because most of the world’s oil comes from the Middle East. If supplies there are cut off, oil could become more expensive. This is a matter of more concern for countries like India, because we have to buy most of our oil from abroad. This could push up inflation again.
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