Stock Market Update: The ongoing decline in the Indian stock market is not taking its name to stop this week. After suffering losses in the first three trading sessions of the week, the sentiment of the market is looking weak for the fourth consecutive session on Thursday.
The Sensex closed at 53,514 with a loss of 372 points in the previous session, while the Nifty had reached 15,967 with a loss of 92 points. Experts say that today Indian investors will see the pressure of global market and selling and profit-booking will see a decline once again. The Sensex has lost nearly 1,000 points in the last three sessions. In today’s business, small investors should avoid making big bets.
The US stock market is under constant pressure and the effect of rising inflation and fear of recession can be clearly seen there. The US on Wednesday released the data on retail inflation, which is the highest in 41 years. Its effect was visible on the sentiments of investors and the major stock market NASDAQ closed at a loss of 0.15 percent in the previous session.
The impact of the fall in America was also visible on the European stock markets. All major European stock markets have seen a decline in the last session. Germany’s stock exchange closed at a big loss of 1.16 per cent in the previous session, while the French stock market closed at a loss of 0.73 per cent. Similarly, the London Stock Exchange also saw a loss of 0.74 percent in the previous session.
Most of the stock markets of Asia opened on Thursday morning and are trading on the red mark. The Singapore Stock Exchange is trading at a loss of 0.44 percent today, while Japan’s Nikkei is trading down 0.11 percent. Apart from this, South Korea’s Cospi stock market is trading at 0.49 percent and China’s Shanghai Composite is trading at a loss of 0.05 percent.
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