Mumbai, First Published Apr 1, 2022, 9:51 AM IST
The Bombay Stock Exchange and the National Stock Exchange started trading lower today on the back of unfavorable international factors.
American Stock Exchange
Most stocks fell in the United States as first-quarter results were released yesterday. The quarter yesterday saw a decline not seen in the last 2 years. The Nasdaq fell 1.54%. Echoes of this impact were felt in the Asian stock market and the European stock market. At the Asian Stock Exchange, the Nikkei was down 1.29% and Topics was down 1.2%.
In addition, President Joe Biden said the United States would cut off its crude oil reserves and reduce prices. Following this, the price of crude oil in the United States fell to $ 100.
Increase in current account deficit
India’s current account deficit widened to $ 23 billion in October-December 2021. It was $ 99 billion in July-September. Apart from this since the end of the month is the start of the new financial year investors are thinking to invest carefully. Thus the stock market started with fluctuations in the morning.
Trade with decline
On the Bombay Stock Exchange, the Nifty traded 35 points lower at 58,533 points, while the Nifty traded 10 points lower at 17,454 points.
Profit
On the 30-share Mumbai Stock Exchange, 13 stocks traded higher and 17 traded lower.
Shares of Hero Motors, SBI Insurance, Infosys, Acermotors and HDFC are down. Shares of NTPC, Powergrid, Bharti Airtel, ONGC, BBCL, Tata Steel, ITC, Kotak Bank, Mahindra & Mahindra are moving higher.
Shares of metals, oil and gas and power stocks were gainers and IT stocks were down.
Last Updated Apr 1, 2022, 9:51 AM IST