Stock Market Update: The Indian stock market made a sharp gain in the first two days of this week, but today the pressure of the global market is clearly visible. In such a situation, only the positive sentiment of domestic investors can get rid of the fall today.
The Sensex closed at 54,521 with a gain of 760 points in the previous session, while the Nifty gained 229 points to reach 16,278. This is the highest level of the stock market since June 9.
Experts say that even in today’s business, the sentiment of domestic investors will play a big role. If investors do not let the pressure of the global market dominate themselves, then the Sensex can cross the level of 55 thousand today.
The week started with a decline in the US stock market. There is an atmosphere of fear among investors due to the fear of inflation going to the top of four decades and the Fed Reserve will increase interest rates. This was the reason that selling in the last trading session saw a decline of 0.81 percent on America’s major stock exchange NASDAQ. Unlike the US, the previous session was very good for the European markets and all the major European stock markets closed on the gains.
Germany’s stock exchange showed a jump of 0.74 percent in the last trading session, while the French stock market closed with a gain of 0.94 percent. The London Stock Exchange also saw a strong jump of 0.90 percent in the previous session. Most of the stock markets of Asia opened on a decline this morning, while some markets are seeing a rise. The Singapore Stock Exchange was trading down 0.80 percent, while Japan’s Nikkei was up 0.67 percent.
Taiwan’s stock market is down 0.41 percent, while South Korea or Kospi market is trading at a loss of 0.17 percent. China’s Shanghai Composite is also down 0.01 percent today. Foreign investors have invested money in the Indian stock market after a long time. Foreign institutional investors bought shares worth Rs 156.08 crore during the last trading session.
However, during the same period, domestic institutional investors also bought shares worth Rs 844.33 crore in the market, due to which the market managed to make a sharp rise in the previous session.
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