Today, the last trading day of the current week, Indian markets are in decline again.
Experts believe that the Indian market, which has been on a downward trend for the past few sessions, may see a decline again today, the weekend trading day, as investors book their profits.
And although domestic investors have been leaving the market from time to time over the past few weeks, the inflow of foreign investment has been very high. Thus the market saw a boom.
Factor against the market
But among some factors currently in the international market, as on September 30, foreign investors had sold shares worth Rs 2,225.60 crore. The same domestic investors bought shares worth Rs 97.18 crore. So this has further put pressure on the market.
Concerns about inflation
As the demand for crude oil continues to rise, the price of crude oil in the international market has begun to rise. Importers are thus forced to buy at higher prices. Especially in India, the world’s largest importer, the impact is likely to be greater. This is also the reason for the market slump.
US Market & Asian Markets
After the US session ended in a slump in the last session, many Asian markets started the slump today. So the echo is also seen in the Indian market. Along with this, China’s power outage problem could also affect the supply chain, which is echoed in international markets.
Indian Markets Launch
Especially today the pre-opening market saw a slight decline. The Sensex was down 69.56 points at 59,056.80 and the Nifty was down 65.90 points at 17,552.30. The Sensex was down 394.26 points at 58,732.10 and the Nifty was down 110 points at 17,508.20. Following this, 807 shares were up, 987 shares were down and 117 shares were unchanged.
Index status
Meanwhile, most of the indices in the Sensex and Nifty are red. In particular, Nifty Auto is down over 1%, while BSE Tech, BSE FMCG, BSE Capital Goods, BSE Mid Cap, Nifty ID, Bank Nifty, Nifty 50 and BSE Sensex are down over 1%.
Nifty index
Shares including ONGC, IOC, Power Grid Corp, JSW, Tata Steel in particular are the top gainers in the Nifty index, while the same Maruhi Suzuki, Bajaj Pinserve, Bajaj Accounting, Asian Paints, Tata Shares including motors are also top losers.
What is the current situation
Meanwhile, the Indian rupee depreciated by 9 paise to 74.32 against the US dollar. The closing price of the previous session was 74.23 rupees.
Meanwhile, the Sensex is currently down 334.06 points at 58,792.30 points and the Nifty is down 94 points at 17,524.15 points.
