Share Market Opening On 23 March Starts Lower Amid Negative Global Trends After Us Rate Hike

Share Market Opening on 23 March: The rally in the domestic stock markets, which has been going on for two consecutive days, came to an end on Thursday. In fact, after increasing the interest rates of the Federal Reserve in America, there is pressure on the markets around the world. This is the reason that both the BSE Sensex and NSE Nifty (NSE Nifty) fell victim to the decline of major domestic indices as soon as the business started today.

were getting signals like this

Even before the start of the session on the fourth trading day of the week, there was pressure on the domestic stock market. In Singapore, the futures of NSE Nifty SGX Nifty (SGX Nifty) was down by about 47 points, or 0.27 per cent, in the morning. This was an indication of the poor start of the domestic stock market today. At the same time, the barometer of turmoil in the market, India Vicks had fallen by 1.82 percent. Both Sensex and Nifty were in loss during the Pro-Open session. Before the start of the session, the Sensex had fallen by more than 150 points. Nifty also fell by about 55 points.

Indexes fell as soon as they opened

When trading started in the market at 09:15 am, the BSE’s 30-share index Sensex had slipped below the psychological level of 58,000 points with a fall of more than 255 points. Similarly, the NSE Nifty fell below 17,070 points with a fall of about 85 points.

investors fear that

The US Central Bank Federal Reserve has announced to increase interest rates by 0.25 percent after an important meeting. The Federal Reserve has also indicated to increase interest rates further. He said that an additional increase in interest rates may be appropriate. This is a clear indication that there is scope for further increase in interest rates in the coming times. Now the policy interest rate in America has increased to 5 percent. This is its highest level in the US since June 2006. Due to this, investors are selling in the stock markets.

Big fall in the global market

After the Federal Reserve meeting, there was a huge decline in the US market yesterday. On Wednesday, the Dow Jones Industrial Average was down 1.63 per cent, the S&P 500 was down 1.65 per cent and the tech-focused Nasdaq Composite Index was down 1.60 per cent. Asian markets are also down in today’s trade. Japan’s Topix index has fallen 01 percent. Similarly, South Korea’s Kospi is in loss of 0.7 percent and Australia’s S&P / ASX 200 is in loss of 0.9 percent. Although Hong Kong’s Hangseng is up 0.8 percent in futures trading.

Start of top-30 companies

Talking about the Sensex, there is a rise in the shares of only 10 companies in the early trade, while the shares of the remaining 20 companies are in the red mark. Big stocks like Asian Paints, Reliance Industries and HDFC have fallen up to 01 per cent. Big decline is being seen in banking, finance and tech stocks.

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