Iran war continues to rout markets:Sensex, Nifty go into a tailspin; auto, consumer durables major drags

The stock market is falling for the second consecutive day on March 12. The Sensex is trading at around 76,300 level with a decline of about 600 points. The Nifty is also down by about 200 points, trading at 23,700. Auto, Metal, FMCG and Banking shares are seeing major declines. 3 Main Reasons for Market Decline Decline in Asian Markets US markets declined on March 11 FIIs sold shares worth ₹4,672 crore on March 11 A day earlier, Foreign Investors (FIIs) sold shares worth ₹6,267 crore in the cash segment. Domestic Investors (DIIs) made net purchases of ₹4,965 crore. In March, foreign investors have sold shares worth ₹39,116 crore so far. Meanwhile, domestic investors have made net purchases of ₹53,099 crore during this period. In February, foreign investors sold shares worth ₹6,640 crore. Meanwhile, domestic investors made net purchases of ₹38,423 crore during this period. Market was down on Wednesday
Earlier on March 11, the stock market was down too. The Sensex closed at 76,864 level with a decline of 1342 points (1.72%). Similarly, Nifty also fell by 395 points (1.63%) and closed at 23,867.