Mumbai, First Published Apr 18, 2022, 9:39 AM IST
Stocks in Mumbai and India resumed trading this morning on the back of the Russia-Ukraine war and international factors.
Russia-Ukraine war
The war between Russia and Ukraine is likely to intensify, and it has become clear that there is no room for talk. Investors fear that this will affect exports and imports in the coming days, push up crude oil prices and slow global economic growth.
Wholesale inflation
Retail inflation in India has already crossed the Reserve Bank’s control level of 6 per cent for the past three months. It also reached 6.95 per cent last month.
Meanwhile, wholesale price inflation figures are out today. Headline inflation has been in double digits for the past six months and is expected to pick up in March.
Quarterly results
Apart from this, the 4th quarter results of HDFC and Infosys are released today. Thus investors are only interested in selling shares in Labanok and not interested in buying. Are very cautious in investing.
படுவீழ்ச்சி
The Sensex was down 1000 points and the Nifty was down 325 points before trading on the Bombay Stock Exchange. The Sensex was down 1129 points at 57,209 in early trade on the Bombay Stock Exchange.
At the National Stock Exchange, the Nifty was down 299 points at 17,176. 950 shares are moving forward in the morning trade, 1611 shares are down and 142 shares are unchanged.
Decline
Shares of Infosys, Techmacindra, HDFC Twins and HCL Tech were down in the Nifty, while ONGC, Tata Steel, NTPC, Coal India and Bajaj Auto were gainers.
In the 30-share Mumbai Stock Exchange, only Tata Steel, NTPC, Powergrid, ITC, Nestle India and Hindustan Unilever are gaining ground. Other company stocks are down.
Last Updated Apr 18, 2022, 9:39 AM IST