First Published Dec 29, 2022, 9:38 AM IST
Mumbai and National Stock Markets started trading lower today for the 2nd day in a row. Sensex has fallen by 300 points.
Markets believe that the Federal Reserve Bank may raise interest rates in the near future due to the increase in gains from US stocks.
Apart from that, as the corona virus infection in China has not subsided, investors have lost hope as the economy in the world’s 2nd largest economy is still time to return to normalcy. Rising crude oil prices also worried investors.
Stock market swings: Sensex, Nifty fall: Gas, energy stocks gain
As a result, trading in most of the countries in the Asian stock market was seen to decline today. The echo was also seen in the Indian market since morning. The Mumbai Stock Exchange was in decline as the National Stock Exchange began trading.
Stock market starts on a downward slide: Sensex, Nifty fall: What’s the reason?
In early morning trade, Sensex fell 344 points to 60,565 in Mumbai and Nifty lost 99 points to 18,022.
BhartiAirtel, Sunpharma and SPIN are the only gainers among the top 30 companies on the BSE. All other stocks are in decline.
JSW Steel, Hindalco Industries, Maruti Suzuki, Eicher Motors, Tata Motors, Larsen Entupro, Crossim, HDFC Life declined in Nifty. Shares of Dr. Reddy’s Laboratories, Divis Labs, Cipla, ParthiAirtel and Sunpharma rose.
Excitement in the stock market! Sensex 360 points rise! Nifty bounces back
In Nifty only pharma stocks are in gains while other sectors are down
Last Updated Dec 29, 2022, 9:50 AM IST