India Vix, the meter of fear in the market, is very low.
Foreign Institutional Investors (FIIs) are buying Indian equities.
Continued buying by FIIs is a good sign for the market.
New Delhi. Indian stock markets fell for the second consecutive day today. Today, on Friday, the BSE Sensex closed at 61,663.48, down 87.12 points (0.14 per cent). The second major index has also fallen in Nifty50. It has fallen 36.20 points or 0.20 percent to close at 18,307.70. Bank Nifty declined by 20.70 points (0.05 per cent) and closed at 42,437.40.
Nifty’s auto, pharma and energy sectors contributed the most in pulling the market down. Today the stocks of PSU banks were showing a boom even in the falling market.
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The main reason for the decline in the market is believed to be the statements given by the officials of the US Fed regarding the rapid increase in the interest rates. Fed officials may have to take tough measures due to rising Corona cases in China and liquidity stress in the US bond market.
Why the market looks positive?
However, India Vix, the fear meter in the Indian stock market, is very low. Today, despite the fall of the market, it fell by 3 percent. In such a situation, it is understood that there is no atmosphere of fear among the investors.
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Secondly, the positive thing is that on Thursday, Foreign Institutional Investors (FIIs) have bought 6.18 billion rupees ($ 75.8 million) in Indian equity. Continued buying by FIIs is a good sign for the market.
Nifty 50 top gainers
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Nifty 50 top losers
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Tags: BSE Sensex, Nifty50, NSE, share market, stock market
FIRST PUBLISHED : November 18, 2022, 15:36 IST