First Published Dec 12, 2022, 9:48 AM IST
Mumbai and national stock markets started with a downtrend today, the first trading day of the week. Sensex fell 400 points.
Indian stock markets, which have seen declines on most days of the past week, continued to fall on the first day of trading. The decline continues as investors sell stocks in pursuit of profit.
The bear that shared the stock market! Sensex 400 points fall: What is the reason?
US stock markets ended lower last Friday. Today’s trading started with a decline as its reverberations echoed in the Asian market and the Indian market.
Apart from this, retail inflation data for November will be released this evening. Investors are waiting for this. The October production figures are also out.
The Federal Reserve Bank of the United States of America today releases its inflation outlook and interest rate hike announcement. Due to the fear of rising interest rates, investors are not investing in the stock and are cautiously selling the stocks considering the profit. This is why the trade started with a decline this morning.
RBI Effect! Bear in the grip of the stock market! Sensex, Nifty in continuous decline
The Sensex is trading at 61,750 points, down 431 points on the BSE. The Nifty fell 122 points to trade at 18,374 points on the national stock market.
25 out of 30 major companies in the BSE are in decline. Mahindra & Mahindra, Dr. Reddy’s, ITC, IndusInt Bank, Nestle India are the only stocks that are in profit. Shares of Infosys and HCL fell 2 percent.
On the Nifty, shares of Inbasic, TCS, HCL Technologies, Wipro, Bajaj Pinserv declined. Shares of Coal India, IndusInt Bank, Mahindra Mahindra, Crossim Industries, ONGC are gaining.
Relief for investors in the stock market! Sensex, Nifty up points
Only FMCG and media sector stocks rose in Nifty. IT fell 1.49 per cent followed by real estate 1.04, PSU banking, pharmaceuticals, financial services and automobiles.
Last Updated Dec 12, 2022, 10:03 AM IST