Share Market Open: Sensex makes a smooth start, market may remain volatile – Share Market today bse sensex nse nifty mixed global trend brent crude eases tuts

Story Highlights

  • US interest rates may increase soon
  • Market is very volatile this week

Stock Market Update: The domestic stock market has remained volatile since the beginning of this week. So far this week, the Sensex has seen fluctuations of more than 4000 points. However, on Thursday, the market made a direct start amidst mixed global trends. As soon as the business started, the Sensex climbed about 250 points.

SGX Nifty was showing signs of a strong opening before the session opened. As soon as trading resumed, both Sensex and Nifty rose around 0.45 per cent. At 09:20 am, the BSE Sensex was trading above 58,250 points, up by more than 260 points. Similarly, the NSE Nifty had crossed the 17,400 mark by becoming stronger than 100 points.

Within the next 15 minutes the condition of the market changed. By 09:35 am, the market edge had disappeared. The Sensex had fallen below 57,900 points by about 100 points. Nifty was trading around 17,320 points with a marginal gain of about 4 points.

There is still an environment of turmoil in the global market. Some easing in the Ukraine crisis may have brought relief to investors, but the risk of interest rates rising in the US is looming large. The US Central Bank Federal Reserve has clearly said that if inflation does not soften, then it has no other option but to increase the interest rate. Inflation in America is at a 4-decade high. In England too, inflation is bothering people. Due to this, the Bank of England can also take the path of Federal. In the coming time, due to this, pressure can be seen on the stock market.

Earlier on Wednesday, the domestic market had gone into loss after a good start. After the close of trading, the Sensex had closed 145.37 points (0.25 per cent) down at 57,996.68 points. Nifty also closed at 17,322.20 with a loss of 30.25 points (0.17 per cent). On Monday, the first day of the week, there was the biggest fall in the market in almost 1 year, then on Tuesday the market had almost recovered it.

After the close of trading on Tuesday, the BSE Sensex was up 1,736.21 points (3.08 per cent) at 58,142.05 and the NSE Nifty gained 509.65 points (3.03 per cent) to end at 17,352.45. Earlier on Monday, the BSE fell 1,747.08 points (3 per cent) to 56,405.08. The NSE Nifty also closed at 16,842.80, down 531.95 points (3.06 per cent). This was the biggest single day fall for both the major indices in almost a year.

Source link

Leave a Comment