The bear continues to dominate the Mumbai and national stock exchanges due to international and domestic factors. Thus the trade ended with a decline for the 2nd day in a row.
International factors
Fears that the Federal Reserve will raise interest rates in the United States and the prolongation of the lockdown there due to the corona spread in China have caused concern among investors. They fear that this could lead to a return to corona spreads worldwide. Investors are also speculating that the war between Russia and Ukraine could escalate in the coming days.
Investors warn
Following the collapse of the US stock market Nasdaq, its repercussions were felt in the European and Asian stock markets. The European stock market ended the week with an unprecedented decline. Investors in the Asian stock market are also reluctant to invest.
In particular, investors in the Indian stock market were cautious about selling stocks for profit, rather than interested in investing. As a result, the Sensex was down 419 points at the start of morning trade and the Nifty was down 123 points on the National Stock Exchange.
Top-10
However, banking stocks began to recover from the decline as the stock market was partially bought in the afternoon. TCS shares rose one percent. Shares of Adani Green Energy have risen 9% in the last two days, adding to the list of top 10 most valuable companies by Green Energy.
The decline continued
The Bombay Stock Exchange benchmark Sensex was down 388 points at 58,576 at the end of the evening trade. The Nifty was down 144 points at 17,530 on the National Stock Exchange. 1146 shares traded, 2193 shares fell and 90 shares traded flat on the stock exchange today.
Half to half
On the Mumbai Stock Exchange, which has 30 major stocks, 15 stocks ended with gains and 15 with losses. Shares of Axis Bank, Kodak Bank, ICICI Bank, Maruti, Mahindra & Mahindra, Powergrid, HDFC, Titan, IndusInd Bank, TCS, NTPC, HDFC Bank, Nestle and Doctrice gained.
Shares of Sunpharma, ITC, AsianPaint, Bajaj Finance, Infosys, Bharti Airtel, Reliance, Wipro, Techmakindra and Tata Steel ended lower.
Banking Profit
Shares of IT, metals, real estate, oil and gas and investment goods fell in the Nifty. Only banking stocks were profitable
At the Nifty, shares of Hindalco, Coal India, Grossim, Tata Motors and Tata Steel ended lower. Shares of Axis Bank, Kodak Mahindra Bank, Powergrid, SBI Life Insurance and Maruti Suzuki traded higher.
Last Updated Apr 12, 2022, 3:45 PM IST