The stock market had suffered a big drop on the last trading day on Monday. During the day, the 30-share Sensex of the Bombay Stock Exchange had fallen by 1,400 points, while the Nifty of the National Stock Exchange had also fallen by more than 450 points. If we talk about Tuesday, the second day of the week, even today weak global signals are seen and Gift Nifty is also seen in the red.
Yesterday there was an earthquake in the market.
On Monday, amid a huge fall in the stock market, at the close of the BSE Sensex market, it fell by 941.88 points and closed at 78,782.24. After opening at 79,713.14, it traded in the red all day and eventually closed poorly. On the other hand, NSE Nifty closed at 23,995.35 level with a huge drop of 309 points.
What do the indicators indicate today?
The effect of yesterday’s market earthquake can be seen in Sensex and Nifty even today. We don’t say it, but the global signal indicates it. Actually, there are no good signs for the Indian market and Gift Nifty is seen trading with a decline of 50 points. Apart from this, the price of crude oil has also increased by around 3 percent. That is why there remains a fear that foreign investors will sell.
Furthermore, there is pressure on the US stock markets, the effect of which can be seen again in the Indian market. If we look at the situation in foreign markets, both the US Dow Jones and the S&P500 closed in the red.
Investors were hit hard
Due to the stock market crash the previous day, stock market investors were greatly affected and their hard-earned money was lost. In fact, with the market crash, there was a drop in BSE’s market capitalization. The market capitalization of BSE decreased by Rs 6.08 lakh crore compared to last Friday and reached Rs 442 lakh crore. This means that the investors’ valuation has decreased by Rs 6 lakh crore during the 6 hours of the market.
These are the big reasons for the decline!
If we talk about the main reasons for the fall of the stock market, there are the presidential elections in the United States and the FII sales. In addition, the Federal Reserve (FED of the United States) meeting will be held on November 7, and the market is also attentive to the decisions made there. Speaking of other reasons, OPEC+ announced on Sunday that it will postpone the plan to increase production in December by one month due to weak demand and increased supply outside the group. Due to this, an increase in the price of oil is observed. Due to this, shares of big oil companies, including Reliance, have taken a hit. This week, the movement of global markets will be decided by the presidential elections in the United States and the meeting of the Federal Reserve.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
