Share Market Open Today: Due to increase in interest rates by the US Central Bank Federal Reserve this time too, there is pressure on the investors around the world. It is also visible in the Indian market…
Share Market Opening on 4 May: On Wednesday, the domestic stock market started trading with a decline amidst the increased threat of worldwide economic recession. 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.
Mixed trend in pre-open
Domestic stock markets were seen under pressure even before the start of today’s trading. In Singapore, NSE Nifty futures SGX Nifty was trading with a loss in the morning. This indicated that the domestic market could make a bad start today. Both Sensex and Nifty were showing mixed trend in Pre-Open Session. Before the start of the session, the Sensex was up by about 60 points, while the Nifty was down by about 10 points.
so much damage as soon as it opens
However, as soon as the trading started, both the major indices went into losses. When trading started in the market at 09:15 am, the BSE’s 30-share index Sensex came down to 61,180 points with a loss of about 15 points. Nifty also fell 10 points and remained below 18,100 points. In today’s business, there is a possibility of pressure on the domestic market.
Fall in global markets
On Wednesday, the process of big decline in the American markets continued. The Dow Jones Industrial Average was down 0.80 percent and the S&P 500 was down 0.70 percent, while the tech-focused Nasdaq Composite Index was down 0.46 percent. There is a boom in Asian markets in today’s business. Japan’s Nikkei is trading 0.12 percent and Hong Kong’s Hangseng 1.14 percent strong.
The pressure of this thing on the market
The US Central Bank Federal Reserve has increased the interest rates by 0.25 percent this time also as per the estimates. The Federal Reserve has increased interest rates at the fastest rate in history and this work has been done at such a time when there are many challenges on the economic front. The US Central Bank has increased the interest rates for the 10th consecutive time during the last few months, but even after this, there has not been enough success in controlling inflation.
Such condition of big companies
Talking about the initial business, a mixed trend is also visible in the shares of big companies. At 09:20 in the morning, shares of 14 out of 30 Sensex companies were in the red mark. Shares of 16 companies were in a slight rise in the early trade. IT stocks and financial stocks are seeing a decline even today. IT stocks like Tech Mahindra, Infosys, HCL Tech, Wipro are in losses in early trade.
