MUMBAI: The National Stock Exchange ended lower today for the second day in a row
Federal Bank
The Federal Reserve has announced that it will raise interest rates in May to curb unprecedented inflation in the United States. The announcement has caused a stir among foreign and domestic investors. International factors, such as the Chinese lockdown and the Russia-Ukraine war, have frightened investors.
If the US Federal Reserve raises interest rates, foreign investment will begin to decline. Fearing that it would create a global recession, investors began selling shares and turning a profit. As a result, Bajaj and ICICI Bank plunged.
Lockdown in China
The corona spread by the sinus remains intact. Various cities are still in the grip of Lockdown. Investors fear that this could hurt commodity supplies globally and slow economic growth
Russia has refused to send natural gas to Poland and Bulgaria, which have been tightening their grip on Ukraine. Russia has taken action because those countries refused to pay in rubles.
Bajaj stock plummets
Shares of Bajaj fell 5% in the market today, despite a 84 per cent net profit in the last quarter of last fiscal. The LIC IPO is expected to be listed on the market from May 4 to 9 and on May 17. Doing so may result in a change of listing perfectly.
Continuous fall
The Sensex fell 300 points in early trade on the Bombay Stock Exchange this morning. At the close of the day, the Sensex was down 537 points at 56,819. The Nifty was down 162 points at 17,038 on the National Stock Exchange. 1146 shares are up, 2140 shares are down and 107 shares are up in value
Reliance Profit
25 shares fell on the Mumbai Stock Exchange, which has 30 major stocks. Only 5 company shares gained. Only Tata Steel, Asian Paints, HCL, TCS and Kotak Bank gained.
The other 25 company stocks ended lower. Shares of Larsen & Toubro, Ultratech Cement, Bajaj Twins, Maruti, Mahindra & Mahindra, Axis Bank, Infosys, ITC and Wipro were down 4 per cent.
Nifty
Media stocks in the Nifty were only partially profitable. Other sectors such as banking finance, oil and gas, power, banking and sector stocks fell one per cent. Shares of IT, banking and automobile stocks fell.
Shares of Hero Motors, Tata Steel, Asian Paints, Bajaj Auto and TCS are moving higher in the Nifty. Shares of Bajaj Accounting, Bajaj Pinserv, Tata Consumer, Adani Ports and ICICI Bank declined.
Last Updated Apr 27, 2022, 3:53 PM IST