Mumbai, First Published Jun 10, 2022, 4:05 PM IST
share market today: The last trading day of the week today, Mumbai and the National Stock Exchange ended with a big fall. Investors lost Rs 3.20 lakh crore.
5 months after the birth of 2022, the stock market is still volatile. The stock market has seen a decline since the start of trading this morning as it ended positively yesterday.
What is the cause of the decline?
International volatility in commodity prices, rising crude oil prices due to the Russian-Ukrainian war, the impact of supply, and the rising corona in China have all frightened investors.
As inflation continues to rise in the United States, the Federal Reserve is expected to raise interest rates. Thus the investment in US debt securities is increasing. Fears that the Federal Reserve will raise another 50 points have prompted investors to be cautious. The Asian stock market also ended lower today, shattering investor confidence.
The lockdown imposed again by the increasing corona spread in Shanghai, China, and the growing corona spread in India, especially in Maharashtra, has worried investors.
Investors were not keen on investing as crude oil prices continued to rise above $ 120 a barrel and the rupee depreciated against the dollar.
Rs 3.20 lakh crore
The Sensex ended 1017 points lower at 54,303 on the Bombay Stock Exchange today. At the National Stock Exchange, the Nifty was down 276 points at 16,201. Investors lost Rs 3.20 lakh crore today alone.
Decline
Only 7 stocks ended higher in the 30-share Mumbai Stock Exchange. Only Asian Points, Ultra Cement, Dr Reddy’s, Titan, IndusInd Bank, Nestle India and Hindustan Unilever ended with gains.
Shares of Bajaj Accounting, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Techmacindra and Infosys fell 2.5 per cent to 4 per cent in the Nifty. Grossim Industries, Asian Paints, Apollo Hospital, Dr. Reddy’s were somewhat profitable. The IT, oil and gas, private banking and financial services sectors fell 2 percent in the Nifty.
Last Updated Jun 10, 2022, 4:05 PM IST