The Sensex had closed 1,100 points lower at 58,841 in the previous session.
Nifty had fallen 350 points to the level of 17,531.
Foreign institutional investors sold shares worth Rs 3,260.05 crore in the previous session.
New Delhi. The trend of decline in the Indian stock market on the last trading day of last week may continue on Monday as well. Investors can start the week with a sell-off under the pressure of the global market.
The Sensex had closed at 58,841, down nearly 1,100 points in the previous session, while the Nifty fell 350 points to 17,531. Experts say that even in today’s business, there will be pressure on the sentiments of investors, due to which they can go towards selling. The effect of the fall in the global market can also be seen in the domestic market. Looking at the trend of the last few sessions, there is constant pressure in the stock market.
US and European markets
Inflation and unemployment figures in America have kept the market condition bad. From above, the Federal Reserve has decided to make loans expensive by indicating a big increase in interest rates again. Its effect is also visible on the sentiment of the stock market. This is the reason that the NASDAQ, which is included in the major US stock markets, is showing a decline of 0.90 percent in the last session.
European markets were also under pressure in the last session on the lines of America. Germany’s stock exchange, which is included in Europe’s major stock exchanges, closed at a loss of 1.66 percent, while the French stock market closed at a loss of 1.31 percent. Similarly, on the London Stock Exchange, there was a big fall of 0.62 percent in the last trading session.
Asian markets mixed trend
A mixed trend of investors is visible in the Asian markets today. The Singapore Stock Exchange is seeing a rise of 0.16 percent this morning, while Taiwan’s stock market is also trading at a gain of 0.07 percent this morning, but today’s Cospi of South Korea is seeing a decline of 0.30 percent. China’s Shanghai Composite is also trading at a loss of 0.03 percent.
Bet on these stocks today
Experts have suggested the names of some high delivery percentage stocks in today’s trading. This means that in today’s business, the eyes of the investors are going to be on these stocks. Such stocks include companies like Crompton Greaves Consumer Electricals, United Breweries, Power Grid Corporation of India, Bharti Airtel and Larsen & Toubro.
This month’s biggest sell-off by foreign investors
Foreign investors, who were continuously investing in the Indian stock market, made the biggest sell-off of this month in the last trading session and this was also the reason for the big fall in the market. Foreign institutional investors sold shares worth Rs 3,260.05 crore in the previous session. Meanwhile, domestic institutional investors have also sold shares worth Rs 36.57 crore.
FIRST PUBLISHED : September 19, 2022, 07:12 IST