Stock Market: Even under pressure, the market will make gains today! Why are investors getting bullish even in continuous selling?
The Sensex closed at 57,145 in the last trading session.
Nifty lost 311 points to close at 17,016.
Foreign institutional investors sold shares worth Rs 5,101.30 crore.
New Delhi. There may be a break in the Indian stock market today due to the continuing decline in the stock market for four consecutive sessions. Despite the pressure from the global market, the sentiment of domestic investors is looking positive.
The Sensex had fallen by 954 points to reach 57,145 in the last trading session, while the Nifty lost 311 points to close at 17,016. Experts say that all the global markets including America, Europe had seen a decline in the last session, which will remain under pressure even today. Despite this, the sentiment of Indian investors is looking positive today and the business can start with an increase today.
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US and European markets
In the US, the fear of recession among investors is deepening due to the increase in interest rates by the central bank Federal Reserve and the continuing slowdown in the growth rate. This is the reason why there is a continuous selling phase in the US stock market. In the last trading session too, the major US stock markets, Dow Jones, lost 1.11% and the S&P 500 lost 1.03%. Apart from this, Nasdaq Composite closed down 0.6%.
On the lines of America, European stock markets saw a fall in the last session and all major stock markets closed on the red mark. Germany’s stock exchange, which is included in Europe’s major stock markets, closed down 0.46 percent in the last trading session, while the French stock market closed at a loss of 0.24 percent. A fall of 0.03 percent was also seen on the London Stock Exchange.
Asian markets rally
Most of the stock markets of Asia opened with an increase this morning and are trading on the green mark. The Singapore Stock Exchange is trading at a gain of 0.21 percent this morning, while Japan’s Nikkei is up 0.67 percent. Taiwan’s stock market is also showing a jump of 0.57 percent, but South Korea’s Cospi is trading at a loss of 0.11 percent this morning.
Investors bet on these stocks
Despite the pressure on the market today, there are some such stocks, which will be the most eye of the investors. These stocks are called high delivery percentage stocks. In today’s trade, shares like Abbott India, ICICI Bank, HDFC, Axis Bank and Godrej Consumer Products are included in the list of high delivery percentage stocks.
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Foreign investors sell off
Due to the selling of foreign investors in the Indian capital market, the decline is visible for the last few sessions. Foreign institutional investors also sold shares worth Rs 5,101.30 crore in the last trading session, while domestic institutional investors bought shares worth Rs 3,532.18 crore during the same period.
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Tags: BSE Sensex, Business news in hindi, Nifty50, Share market
FIRST PUBLISHED : September 27, 2022, 07:14 IST