Stock Market Update: Sensex Opens 80 pts Lower, Nifty50 Below 16,600; Key Points to Know
Kairi brown
2 min read
Stock Market Update: Sensex Opens 80 pts Lower, Nifty50 Below 16,600; Key Points to Know
Today’s Stock Market: Indian equity market began to trade in a narrow range in the midst of global sentiment that is easily changed in front of the Action Path level of the US Federal Reserve. At 09:15 Ist, Sensex fell 88.19 points or 0.16 percent at 55,678.03, and nifty dropped 34 points or 0.20 percent at 16,597.
Bajaj Twins, Tech M, Tata Steel, ITC and SBI are the only acquisition in Sensex, while Axis Bank, Dr. Reddy, Asian Paints Maruti and Infosys are losing.
A broader market is also opened in red. BSE MIDCAP and Smallcap Index up to 0.3 percent lower.
V K Vijayakumar, Head of Investment Strategy at Geojit Financial Services, said: “Dark cloud in the Global Economy Horizon is a threat of US recession that will soon have an impact on global economic growth. The jury still comes out whether the US slipped into the recession or not. But the slowdown in global growth seems inevitable. Wall Mart Mart’s earnings issued yesterday are indications of future days for company revenue. Europe is the weakest geographical space in the world and China is struggling. Although the Indian economy is now resilient, the slowdown in global growth will also have an impact on India. This means, from a fundamental perspective, there are limits for the reverse market. The 1400 points rally in Nifty from the lowest position in June has stretched a market assessment. Therefore, FII might again turn the seller into a demonstration. “
Global signal
Asian stocks stagger -huyung on Tuesday and strict bonds as a warning of profit from Walmart placed consumption and company income under the cloud in front of what might be a sharp US interest rate. MSCI area gauge from Asian stock outside Japan winding right above flat. Nikkei Japan fell 0.2 percent and the S&P 500 futures fell 0.4 percent.
Nikkei Index Key Tokyo Zigzag between positive and negative areas in Open on Tuesday, with careful investors before the main decision of the federal reserve, the Nikkei 225 index rose 0.01 percent, or 3.58 points, to 27,702.83 in trade Early, while the wider the Topix Index Berksut rose 0.09 percent, or 1.82 points, to 1,945.03.
S&P 500 is seen on Monday and ends almost unchanged when investors are gurned for the expected interest rate increase at the Federal Reserve meeting this week and the income of several large hat growth companies. Nasdaq ended lower, and S&P 500 technology and LED discretionary decreased between the main S&P sector. The energy sector is obtained together with oil prices.
