There was an outcry in the stock market, 5 lakh crores drowned due to these 4 reasons
There was an outcry in the stock market, 5 lakh crores drowned due to these 4 reasons
Share:

The bad days of the stock market investors are not even taking the name of ending. The stock markets across the world have been in the grip of a correction for the last few months after the huge boom of the last year. Especially due to record inflation, the period of raising interest rates started and selling has intensified. Today, in Thursday's trading, both BSE Sensex and NSE Nifty fell more than 2-2 percent. Because of this, investors lost more than 5 lakh crore rupees in the market in one stroke.

All-round selling was such that out of 30 Sensex companies, only 2 means Wipro and HCL Tech were able to stay in the green zone. Due to trading, the Sensex fell by about 1,400 points at one time. After the close of trading, the Sensex closed at 52,930.31 points with a loss of 1,158.08 points (2.14 per cent). Similarly, NSE Nifty closed at 15,808 points with a loss of 359.10 points (2.22 percent). In the last 1 month, the Sensex has broken 5,500 points. Nifty has also fallen about 10 percent in the last one month.

The main reason for the huge fall in the market today was:-

Inflation in America: - The latest figures of inflation in America have been released. According to this, retail inflation in the month of April has come down from 8.5 percent in March to 8.3 percent. Although this is higher than the estimate of 8.1 percent. With inflation still high, there is a possibility that the Federal Reserve may adopt an aggressive rate hike. Because of this, scared investors are selling.

Strong Dollar:- The US currency dollar is getting stronger continuously. Right now the dollar index has risen to 103.92 in the basket of 6 major currencies. This is the dollar's highest level in almost two decades. This record fast of dollar is seeing volatility in the currency market. This week the Indian currency touched its all-time low against the dollar. This is having a bad effect on the sentiment of the stock market.

Weak Global Cues: - There was a decline in the US market yesterday. The Dow Jones Industrial Average was down by 326.63 points, meaning 1.02 percent. The S&P 500 declined 1.65 percent and the Nasdaq Composite Index declined by 3.18 percent. After this, the Asian markets were also in loss today. Japan's Nikkei closed down 1.01 percent, Hong Kong's Hang Seng was down 1.05 percent and South Korea's Kospi was down 0.36 percent.

FPI Sell Off:- Foreign portfolio investors have remained a seller in the Indian market for the past few months. According to preliminary data, FPIs sold Rs 3,609.35 crore on Wednesday. Thus, in the month of May, FPIs have so far withdrawn Rs 17,403 crore from the Indian market. Talking about this year, so far in 2022, FPIs have sold Rs 1,44,565 crore.

Know who is Campbell Wilson? Who was made 'Maharaja' of Air India"

The well-experienced team behind MetGain is responsible for its upward move

Good news for millions of SBI customers! This beneficial scheme has come into effect today

Join NewsTrack Whatsapp group
Related News