The Sensex closed at 57,833, down 59 points or 0.10 per cent today. Similarly, the NSE Nifty closed 28 points or 0.16 per cent lower at 17,276.
The stock market fell for the third consecutive day
Investors’ cautious approach amid continuing uncertainties due to tensions between Russia and Ukraine stock market today , Stock Market Today) have closed with a decline for the third consecutive day. According to market experts, continuous selling by foreign investors and speculations of tightening policies by central banks across the world affected the market. Today the market saw a fluctuating trend and after being in the range of about 700 points in the period of volatility, the Sensex (Sensex) closed at 57,832.97, down 59.04 points or 0.10 percent at the end of trading. Similarly, NSE Nifty (Nifty) closed at 17,276.30, down 28.30 points or 0.16 percent. During the week, the Sensex has lost 319 points and the Nifty has lost 98 points.
how was today’s business
On the index today, mainly the fall of UltraTech Cement, Mahindra & Mahindra, Infosys, Reliance Industries, Bajaj Finance and Nestle put pressure on the Sensex. On the other hand, HDFC registered a gain of 1.25 percent today, followed by L&T, Axis Bank, SBI, Dr Reddy’s, Kotak Bank and HDFC Bank. 17 stocks on the index closed with a fall. On a weekly basis, the Sensex lost 319.95 points or 0.55 per cent and the Nifty lost 98.45 points or 0.56 per cent. In the sector, realty, oil and gas, capital goods, healthcare services and power indices declined, falling up to 1.23 per cent. Out of 19 sectoral indices, 16 closed in the red. Smallcap, midcap and largecap indices fell up to 0.80 per cent in the broader market.
What is the opinion of experts
Vinod Nair, Head of Research, Geojit Financial Services, said yesterday’s sell-off on Wall Street after the release of FOMC meeting minutes weighed on the domestic market and the indices opened with pressure. At the same time, with reports coming in that the US Secretary of State has agreed to meet the Russian Foreign Minister to defuse tensions, the domestic market saw a boom in afternoon trading. However, at the end of the business once again the decline dominated. He also said that the markets around the world remain volatile due to the current global cues, the domestic market is also expected to continue with volatility in the coming days. Julius Baer’s ED Milind said that the market is already grappling with uncertainty about the Fed’s action. While fears of a rate hike in March amid high inflation are troubling the markets, the recent geopolitical standoff between Russia and Ukraine has added to the uncertainty. Strongly affecting the market sentiments.