The month of July was the best for the US stock market in the last 22 years.
Foreign institutional investors had invested Rs 2,320.61 crore in the market in the previous session.
Meanwhile, domestic institutional investors sold shares worth Rs 822.23 crore.
New Delhi. The Indian stock market made tremendous gains last week and this week also started with a big boom, but today the market is seen under pressure on Tuesday.
The Sensex closed at 58,115 with a gain of 545 points in the previous session, while the Nifty climbed 182 points to reach 17,340. Experts predict that today there is a decline in the global market, which will also affect the sentiment of domestic investors and the selling may dominate the market. If this happens, then after four sessions the market will have to face the downside.
America lost 22 years of lead
The month of July was the best for the US stock market in the last 22 years and saw the best growth since the year 2000. But, in the last trading session on the first day of August, the US market lost this gain and all major exchanges closed at a loss. The S&P 500 lost 0.28% while the Nasdaq closed down 0.18%. Similarly, Dow Jones also declined 0.14%.
European market also crashed
On the lines of America, markets in Europe also saw a decline during the last trading session and all major stock markets closed on losses. Germany’s stock exchange, which is included in Europe’s major markets, closed at a loss of 0.03 per cent in the previous session, while the French market closed at a loss of 0.18 per cent. Similarly, there was a fall of 0.13 per cent on the London Stock Exchange.
Asian markets also fall
Most of the stock markets of Asia have opened on the red mark this morning. The Singapore Stock Exchange was trading at a loss of 0.29 per cent, while Japan’s Nikkei was down 1.22 per cent. Apart from this, South Korea’s Cospi stock market is trading at a loss of 0.31 percent and China’s Shanghai Composite 0.01 percent.
Big purchases by foreign investors
The biggest reason for the resurgence in the Indian stock market is the continuous buying of foreign investors. In the last session also, foreign institutional investors had invested Rs 2,320.61 crore in the market. Meanwhile, domestic institutional investors sold shares worth Rs 822.23 crore.
FIRST PUBLISHED : August 02, 2022, 07:07 IST