First Published Dec 6, 2022, 4:04 PM IST
Mumbai and national bourses continued to decline for the 2nd day in a row. The Sensex ended the trade down 208 points.
In the United States last week, the employment situation for October was somewhat complacent, and the Federal Reserve is likely to raise interest rates less as inflation continues to decline. As a result, investors reduced their investment in equities and turned to Indian markets
Share Market Today: Heavy decline in stock market: Sensex 270 points fall: What is the reason?
But there is a possibility of economic recession in the United States and the Federal Reserve is considering raising interest rates to reduce inflation. As a result, the US market fell yesterday and the value of stocks rose. This was reflected in the decline in the Asian stock markets.
Oscillation in the stock market: Nifty rise, Sensex decline! Metal stocks boom
RBI’s finance committee meeting will be held tomorrow. Investors have a big expectation of how much the interest rate will be raised. Thus they engaged in trade from morning to evening with caution.
The Mumbai and National Stock Markets also started trading lower this morning. However, after the trade started, the hope of a recovery from the decline was ultimately dashed.
In late evening trade, the BSE Sensex fell 208 points to close at 62,626. On the national bourse, the Nifty ended the trade down 58 points at 18,642 points.
Out of 30 major stocks on the BSE, 14 gained and 16 declined. HUL, Nestle India, Ultratech, Powergrid, Axis Bank, Larsen & Toubro, ITC, Reliance, Asianpaints, Titan and HDFC gained.
BBCL, Tata Steel, Hindalco Industries, Dr. Reddy’s Laboratories, UPL fell on the Nifty. Adani Enterprises, HUL, Bajaj Auto, Nestle India and Power Grid Corporation were the gainers.
The daily history of the stock market! Sensex, Nifty points record: IT, metals gain
On the Nifty, metals, IT stocks fell by one per cent. Public sector share value rose by one per cent
Last Updated Dec 6, 2022, 4:06 PM IST