October 3, 2022
Mumbai, August 29: The Indian stock market has been under pressure since last week. After crossing the mark of 60 thousand, the sentiments of the investors have gone into the negative zone, and the pressure of the global market is also clearly visible on it.

Mumbai, August 29: The Indian stock market has been under pressure since last week. After crossing the mark of 60 thousand, the sentiments of the investors have gone into the negative zone, and the pressure of the global market is also clearly visible on it.
The Sensex fell 59 points to close at 58,834 in the last trading session, while the Nifty fell 36 points to 17,559. Experts say that the last session saw a big fall in global markets, so domestic investor sentiment will also be affected today. Investors will be under pressure today due to the decline in Asian and American markets and profit booking is expected to dominate the market from the start today.

US and European markets Federal Reserve Chairman Jerome Powell has signaled interest rate hikes until inflation is under control.

He made it clear that interest rates will be hiked continuously to bring down the marginal inflation rate to 2 percent. Its effect was also seen in the stock markets there and there was a big fall in the last trade. The major US stock market DOW JONES reported a fall of 3.03% in the previous session, while the S&P 500 closed down 3.37% and the NASDAQ fell 3.94%.

On the lines of the US, the last session was abysmal for the European markets and all the major stock markets witnessed declines. Among Europe’s leading bourses, Germany’s stock market saw a sharp decline of 2.26 percent in the last session, while the French stock market closed down 1.68 percent. The London Stock Exchange also lost 0.70 percent in the previous session.

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