Share Market Open Today: The threat of economic recession has once again gained momentum all over the world. On the other hand, the possibility of increase in interest rates in America is also putting pressure on the market.
Share Market Opening on 3 May: On Wednesday, the domestic stock market started trading with a decline amidst the increased threat of economic recession worldwide. Amidst the changed circumstances, the trend of decline is dominating the markets all over the world and even domestic carrots have not been spared from this. This is the reason that today both the major domestic indices BSE Sensex and NSE Nifty have started with losses.
The market has fallen from the pre-open
Domestic stock markets were showing signs of falling even before the start of today’s trading. In Singapore, the futures SGX Nifty of NSE Nifty was down by more than 60 points in the morning. This indicated that the domestic market could make a bad start today. Both Sensex and Nifty fell in the Pro-Open Session. Before the start of the session, the Sensex had fallen by about 60 points and the Nifty by 30 points.
so much damage as soon as it opens
Both the major indices started the trading today with a decent decline. When trading started in the market at 09:15 am, the BSE’s 30-share index Sensex came close to 61,100 points with a loss of about 250 points. The Nifty also fell by 85 points i.e. about 0.50 percent to close to 18,060 points. In today’s business, there is a possibility of pressure on the domestic market.
Fall in global markets
A big decline was recorded in the American markets on Tuesday. The Dow Jones Industrial Average was down 1.08 percent and the S&P 500 was down 1.16 percent, while the tech-focused Nasdaq Composite Index was down 1.08 percent. All the Asian markets have fallen in today’s business.
The market is afraid of these things
Markets around the world are worried about rising interest rates in America. Interest rates are going to be announced today after the two-day meeting of the Federal Reserve and the market is fearing that this time also the interest rates can be increased by 0.25 percent. Apart from this, the fear of default by the US government in repaying the loan is also troubling the market. This is the reason that the price of crude oil fell by 5 percent on Tuesday.
Such condition of big companies
Talking about the initial business, there is a trend of heavy decline in the shares of big companies. At 09:20 in the morning, shares of 24 out of 30 Sensex companies were in the red mark. In the initial trade, the shares of only 6 companies were in a slight rise. There is a huge decline in IT stocks and financial stocks. Shares of Tech Mahindra, Infosys, Axis Bank, Bajaj Finserv, TCS, HCL Tech, ICICI Bank and Reliance Industries fell around 1-1 per cent in early trade.
