Mumbai, First Published Mar 15, 2022, 3:48 PM IST
The Bombay Stock Exchange and the National Stock Exchange have been on a downward trend for the past five days. The bear is back in the minds of market investors.
What is the reason
Read this: Is this the reason why the Reserve Bank punished BDM Bank?
Crude oil prices are falling in the international market, and negotiations are underway between Ukraine and Russia. But fears that the US Federal Reserve would raise interest rates left investors frustrated as the afternoon market saw volatility and moved towards collapse.
New ban
In addition, Britain imposed a new embargo on Russia. A ban on 100 types of goods imported from Russia has alarmed investors.
In addition, the US Nikkei, Hong Kong and UK markets ended lower as fears of a US Federal Reserve raising interest rates echoed in global markets. All of this made investors’ minds flutter.
Don’t forget to read this: Share market today: Stock market continues to rise: Investors happy
Rise in the morning
The Bombay Stock Exchange was up 200 points and the Nifty was up 50 points at the start of trading this morning. Investors continued to eagerly buy shares.
Decline in the evening
But in the afternoon the stock market turned upside down and moved towards the slump. At the close, the Sensex was down 709 points at 55,776 on the Bombay Stock Exchange. On the National Stock Exchange, the Nifty fell 225 points to close at 16,646 points.
Metal, oil and gas
Metal stocks such as Hindalco, Tata Steel and JSW Steel declined sharply. Shares of oil companies ONGC, Coal India, Tech Mahindra, Kotak Bank, Infosys, BBCL and Reliance Industries also fell.
According to: Share market today: காளை ராஜ்ஜியம்; The stock market ended higher for the 5th consecutive day
Shares of Tata Consumer Goods, Mahindra & Mahindra, Sri Cement, Cipla, Maruti Suzuki, UPL, Britannia Industries ended higher.
Shares of metals, oil and gas and IT stocks ended lower on the Bombay Stock Exchange. Automobile, FMCG products ended up on the rise
Last Updated Mar 15, 2022, 4:04 PM IST