The Sensex closed at 59,720, up 578 points in the last trading session.
Nifty had risen by 194 points to reach the level of 17,816.
Foreign institutional investors invested Rs 1,196.19 crore in the market.
New Delhi. In the Indian stock market, the continuation of a sharp increase for two sessions may break on Wednesday morning. Under the pressure of the global market, investors can go on a sell-off today, due to which the Sensex rising towards 60 thousand can come back down.
The Sensex had climbed 578 points to close at 59,720 in the previous trading session, while the Nifty had gained 194 points to reach 17,816. In the first two sessions of this week, the Sensex has gained more than 1,200 points, but in today’s trading this trend seems to be breaking. Experts say that there is a decline in the global market today, which will also affect the sentiment of domestic investors and they can book profits.
sharp fall in US market
The US central bank, the Federal Reserve, has spoken of raising interest rates one more time in a meeting to be held this month, while auto company Ford said its earnings would fall by $1 billion due to inflation, causing its shares to fall 12 percent. Which is the highest since 2011. Due to these two events, the US stock market saw a big fall during the last trading session. The Dow Jones lost 1.01%, while the S&P 500 closed at a loss of 1.13%. Nasdaq Composite is also showing a decline of 0.95%.
European market also crashed
On the lines of America, the stock markets of Europe also saw a big fall in the last session. Germany’s stock exchange, which is included in Europe’s major stock markets, closed at a loss of 1.03 per cent in the previous session, while the French stock market saw a fall of 1.35 per cent. London’s stock exchange also closed at a loss of 0.61 percent in the last trading session.
Asian market crash
Most of the stock markets of Asia opened on losses this morning and are trading on the red mark. Singapore Stock Exchange showing a decline of 0.36 percent, while Japan’s Nikkei is trading at a loss of 1.10 percent. Taiwan’s stock market is seeing a loss of 0.31 percent, while South Korea’s Cospi is trading down 0.81 percent.
Investors bet on these today
Experts say that even in the midst of a fall in the market, many stocks have the ability to give strong profits. Such stocks are said to have high delivery percentage. Many stocks come in high delivery percentage even in today’s business, including Power Grid Corporation of India, Honeywell Automation, United Breweries, NTPC and Britannia Industries.
foreign investors buying
The buying process of foreign investors in the Indian capital market continues for the time being and in the last trading session also, foreign institutional investors invested Rs 1,196.19 crore in the market. Meanwhile, domestic institutional investors have also bought shares worth Rs 131.94 crore.
FIRST PUBLISHED : September 21, 2022, 07:11 IST