There is a possibility of a fall in the Indian stock market even today. Under the pressure of the global market,
investors will be seen booking profits again today and the Sensex is also seen going below 54 thousand. Experts say that right now the market is seen in a completely corrective mood.
Under the pressure of global market and domestic factor, selling on the stock market may continue on Tuesday. Experts say that in today’s business, investors are again going towards profit-booking and if there is a fall, then the Sensex will go below 54 thousand.
In the last trading session, the Sensex closed at 54,471 with a loss of 365 points, while the Nifty lost 109 points to reach 16,302. Experts say that the effect of bloodbath in the US stock market will also be visible on European and Asian markets. The index of uncertainty in the Indian stock market has increased a lot right now and investors are also withdrawing their money, which is showing losses in successive sessions.
‘Bloodbath’ in the US stock market
Investors are nervous due to the US central bank Fed Reserve raising interest rates by 50 basis points and signs of further increase. For this reason, selling is seen dominating the three major stock exchanges. The downside was that the S&P 500 has gone to the lowest level since March 31, 2021. The S&P 500 closed at 132.1 (3.20%) in the previous session. Similarly, Dow Jones closed at a loss of 653.67 points (1.99%) and Nasdaq Composite 521.41 points (4.29%).
European markets also fall
The impact of the earthquake in the US stock market was also shown well on Europe. All the major stock markets of Europe, already battling before the Russia-Ukraine crisis, were shaken by this shock. Germany’s stock exchange closed at a loss of 2.15 percent, while France’s stock exchange closed down 2.75 percent. Similarly, on the London Stock Exchange, there was a big fall of 2.32 per cent in the previous session.
Asian market also collapsed
Most of the stock markets of Asia, which opened this morning, are trading on the red mark. Singapore’s stock exchange is trading at a loss of 0.98 percent and Japan’s Nikkei at a loss of 1.89 percent. Hong Kong’s market is 3.92 and Taiwan’s stock market remains at a loss of 1.29 percent. Similarly, there is a loss of 1.66 percent on the stock exchange of South Korea and 1.44 percent on the Shanghai Composite of China.
Bumper sell-off by foreign investors
Foreign investors have become disillusioned with the Indian stock market. The process of withdrawal of funds from Foreign Institutional Investors (FIIs) continues. In the last trading session too, FII sold shares worth Rs 3,361.80 crore. However, domestic investors invested Rs 3,077.24 crore during this period, but could not avoid the fall in the market.
