New Delhi: The continuous upsurge in the Indian stock market may come to a halt today. Indian investors will also be under pressure today due to the fall in the global market and selling may dominate.
The Sensex closed at 60,571 with a gain of 456 points in the previous session, while the Nifty climbed 134 points to reach 18,070. Experts say that in the last trading session, there was a big fall in the US and European markets, while this morning most of the stock markets in Asia are trading at a loss. Its effect will also be seen in the sentiments of the investors and profit-booking can dominate the market. It is feared that the Sensex may once again go below 60 thousand.
In the US, the bullish trend continued for the last four sessions, and there has been a big decline in the last trading session. At first, investors kept their distance from the market in fear of rising interest rates, job opportunities, and recession, but as soon as the inflation data turned back to the market, they were scared and then made a distance. The sell-off saw a major fall of 5.16 percent on the NASDAQ, which is included in the major US stock markets.
European market also crashed
Even the European markets could not escape from the big fall in America and had to face a big fall in the last trading session. Germany’s stock exchange, which is included in Europe’s major stock exchanges, saw a big fall of 1.59 percent in the last session, while the French stock market closed down 1.39 percent. The stock exchange of London also saw a fall of 1.17 percent.
Most of the stock markets of Asia opened on the decline today and are trading on the red mark. The Singapore Stock Exchange is at a loss of 1.61 percent, while the Nikkei of Japan is seeing a fall of 2.05 percent. Hong Kong’s stock market is trading at a loss of 2.10 percent, while South Korea’s Kospi is showing a decline of 1.66 percent.
Foreign investors put money
The process of investing foreign investors’ money in the Indian capital market continues continuously. In the last session too, foreign institutional investors bought shares worth Rs 1,956.98 crore in the market. However, during the same period, domestic institutional investors sold shares worth Rs 1,268.43 crore.