Share Market: On the first business day of the Indian share market on 30th September, the market saw a red mark. Nifty fell by 1.41% and closed at around 25,810. On the other hand, Nifty Bank fell by 856 points, and Sensex also saw a drop of about 1200 points. There could be many reasons for this market drop. The first reason was that the market regulator was also making a bet on the F&O expiry rules in which the scope of the rules related to insider trading can also be determined.
Another reason was a drop of more than 5% witnessed last year in Japan. After the fall in Japan, the sentiments of investors about the Indian market also became negative. The third reason is that the tension in the Middle East is increasing. Israel has intensified attacks on Iran-capable markets. Due to the serious situation, there is a concern in the investors. The fourth reason is that the Chinese government has announced a relief package for economic improvement. The Shanghai Composite was seen to increase by about 8%, and it is expected to improve the economic situation of China.
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