The Indian stock market can break the chain of decline that has been going on for three sessions this week. Investors are selling continuously this week under the pressure of the global market, but today if positive signs are showing and investors show confidence in the market, then the Sensex Nifty will close on the rise.
The Indian stock market is seen in a positive mood today after three consecutive days of decline. With the positive signals from the global market, investors can be encouraged to buy today and the market will also break the continuous decline.
Sensex closed 303 points lower at 53,749 in the last trading session while Nifty closed at 16,026 with a loss of 99 points. Experts say that for the last two sessions, the market is closing on the red mark openly on the green mark, but today there are positive signals from the global market, due to which the Sensex and Nifty are expected to openly close on the green mark.
The US
central bank Federal Reserve has given a relief statement regarding interest rates, after which the stock markets there saw a boom. In the last trading session, America’s major stock exchange Dow Jones closed up 191.66 points (0.6%) per cent, while the S&P 500 showed a jump of 37.25 points (0.95%) and the Nasdaq Composite gained 170.29 points (1.51%).
On the lines of America, European markets also saw a rise during the last trading session. Germany’s stock exchange, which is included in Europe’s major stock markets, has seen a gain of 0.63 percent. Apart from this, France’s stock market closed on a jump of 0.73 percent, while the London Stock Exchange saw a rise of 0.51 percent.
There was also a boom in the markets of
Asia, most of the markets in Asia have opened on the rise this morning. Today, 0.52 percent is seen on the Singapore Stock Exchange, while Taiwan’s stock market is trading at 0.03 percent and South Korea’s 0.25 percent. However, Japan’s stock market is seeing a fall of 0.13 percent and Hong Kong’s market is also trading down 0.57 percent. China’s Shanghai Composite is also seeing a decline of 0.43 percent.
The selling of foreign investors from the Indian stock market is still going on. In the last trading session too, foreign institutional investors pulled out money from the Indian market by selling shares worth hundreds of crores. So far in May itself, foreign investors have withdrawn about 40 thousand crore rupees. However, during this period, domestic investors put money but have failed to stop the fall of the market.
