Gap down.

As mentioned, the stock market is opening a gap down. Sensex and Nifty fell by 1.8% at once, wiping out Rs 8 lakh crore in market value.

All sectoral indices, including auto, realty and infra, were in the red. Crude prices hit a 14-month high in futures as tensions in the Middle East intensified. Brent saw a 7% rise in spot prices. Brent crude futures were at $82.40 per barrel, casting a shadow of concern.

There are reports that Tehran has said it has closed the Strait of Hormuz, but there has been no official confirmation. The rupee remains weak in the foreign exchange market. The volatility index INDIA VIX rose to 16.34, indicating that the market is subject to large price fluctuations.

Experience teaches us that panicking and selling out during times of crisis is not a good strategy. With foresight, we can use these opportunities to slowly and carefully enter good companies. Rely on SEBI-approved analysts for investment advice.