The ongoing decline in the Indian stock market is not taking its name to stop. So far, investors who are selling under the pressure of the global market will see the impact of challenging data on retail inflation today. Experts believe that even today, investors can sell under pressure.
The trend of decline in the Indian stock market is not taking its name to stop. Since the beginning of this week, in four sessions till now, the market has dived and lakhs of crores of investors have been drowned. Experts say that in today’s trading, the effect of inflation data will be seen on investors.
The Sensex closed at 52,930 with a loss of 1,158 points in the last trading session, while the Nifty fell 359 points to 15,808. Experts say that the effect of retail inflation data will be visible in today’s business and investors can book profits once again. Although there are signs of a rally in the global market today, but Indian investors are expected to see more impact of the domestic factor.
Improvement in America, European market collapses
After the release of retail inflation data in the US, there was a big fall in two trading sessions, but there has been an improvement in the previous session. America’s major stock exchange Nasdaq showed a correction of 0.06 percent. Earlier, the US had reported retail inflation for April at 8.3 per cent, after which investors started selling.
Here, the European markets saw a big fall during the last trading session. Due to the Russia-Ukraine crisis, there is constant pressure on the European markets, due to which all the major stock markets of Europe are showing a fall. Germany’s stock exchange saw a loss of 0.64 percent in the last trading session, while the French market closed at a loss of 1.01 percent. The London Stock Exchange also closed down 1.56 per cent.
Asian markets saw a rise today
Most of the markets in Asia have opened on the rise this morning. Singapore’s stock exchange is trading on a gain of 1 percent, while Japan’s Nikkei is up 2.49 percent. Apart from this, there is a rise of 1.82 percent in the Hong Kong market and 1.12 percent in Taiwan. In today’s trading, South Korea’s stock market is 1.77 percent and China’s Shanghai Composite is showing a gain of 0.91 percent.
Big sell-off by foreign investors
Foreign investors have so far withdrawn thousands of crores from the Indian stock market. On Thursday also, Foreign Institutional Investors (FIIs) made a huge withdrawal of 5,255.75 crores from the Indian market. However, domestic institutional investors invested Rs 4,815.64 crore but could not avoid the huge fall in the market.
The government released data on retail inflation late on Thursday, which has reached an eight-year high in April with 7.79 percent. Its effect is also expected to be visible during today’s business. There will be fear among investors that the RBI will once again increase the interest rates if inflation increases. Experts believe that due to this fear, investors can sell today. Such investors will have to stay patient in the market.
