There is heavy downward pressure on the market.
Share market update: Today is the last day of the week. Bank of England has increased the inflation forecast from 5.75 percent to 10 percent, after which there was heavy selling in the global market. Reliance results are going to come today.
There was a huge decline in the market on Wednesday, after which the Indian stock market (Share market updates) closed with slight gains. There was heavy selling in the global market yesterday. Actually the Bank of England (Bank of England) raised the inflation forecast for the year 2022 to 10 percent from 5.75 percent earlier. Due to the unexpected increase in inflation, the US market recorded a severe fall of 5 percent. On Thursday, the IT heavyweight index Nasdaq closed 5 percent, S&P 500 3.56 percent, Dow Jones down 3.12 percent.
Today the results of Reliance Industries are going to come. Apart from this, the results of Tata Power, Canara Bank, Federal Bank will also come. The Asian market is seeing the impact of the fall in American Wall Street and Hang Seng is seeing a decline of 2.7 percent, NIKKEI 0.10 percent and Kospi 1.45 percent. SGX Nifty is seeing a huge decline of 1.4 percent.
This news is being written right now….