Stock Market Today: On the fourth trading day of the week, the 30-share BSE Sensex closed down by about 2500 points, while the NSE Nifty 50 also slipped below 23,100.

Big fall in the stock market

Stock Market News: Rising tensions in the Middle East led to a sharp decline in the domestic stock market. On the fourth trading day of the week, the 30-share BSE Sensex closed down nearly 2,500 points, while the NSE Nifty 50 also slipped below 23,100. Amid this decline, HDFC Bank shares saw a significant decline of nearly 5 percent.

Why the big fall in the stock market?

This decline in the stock market comes amid renewed tensions over Iran's attacks. Additionally, a surge in crude oil prices caused both the Sensex and Nifty to fall by more than 3 percent. The BSE Sensex fell 2,496.89 points to close at 74,207.24, while the Nifty 50 also fell 775.65 points to 23,002.15.

By market close, all Sensex stocks were in the red. Eternal saw the biggest decline, falling 5.65 percent. Bajaj Finserv fell 5.42 percent, followed by Mahindra & Mahindra, 5.25 percent, HDFC Bank, 5.13 percent, and Larsen & Toubro, 4.72 percent.

Shares of these companies fell.

A day earlier, on Wednesday, the domestic stock market saw a surge. The BSE Sensex rose 633.29 points, or 0.83 percent, to close at 76,704.13, while the NSE Nifty climbed 196.65 points, or 0.83 percent, to 23,777.80. During trading, the Sensex at one point jumped as high as 929.38 points.

A slight softening in crude oil prices and a firm trend in global markets boosted investor confidence, leading to buying activity. Among Sensex stocks, Eternal, Tech Mahindra, Infosys, Mahindra & Mahindra, HCL Tech, Adani Ports, Tata Consultancy Services, and Axis Bank were among the major gainers. Meanwhile, NTPC, Hindustan Unilever, Sun Pharma, and HDFC Bank closed with losses.