Share Market Opening on 22 June: After reaching a record high, the domestic market is showing a decline on Thursday due to selling and adverse signals from the US Central Bank. Both the major domestic indices BSE Sensex and NSE Nifty are in loss as soon as they open. There is a possibility of softness in the domestic market in today’s business.
This record was made a day ago
Earlier on Wednesday, both the indices had made a new high level. After the end of trading, the 30-share BSE Sensex closed at 63,523.15 points with a gain of about 200 points. During trading, it had reached 63,588.31 points at one point, which is its new 52-week high. Similarly, the Nifty closed at 18,856.85 points with a gain of about 40 points.
Market remained green in pre-open
In Thursday’s business, the domestic market remained in the green zone in the pre-open session. In Singapore, NSE Nifty futures SGX Nifty was trading at a loss of about 0.20 per cent in the morning. It was being shown that the pressure of the decline of the American markets can show its effect in today’s business. At the same time, in the pre-open session, the Sensex was in profit of about 80 points. Nifty was also showing a gain of 40 points.
So much loss in initial business
When trading started in the market at 09:15 am, the BSE’s 30-share index Sensex fell below 63,500 points with a fall of more than 70 points. At the same time, Nifty also fell from the level of 18,850 points with a slight decline. Early trading trends are showing that today may prove to be a bad day for the market.
Fed Reserve made this gesture
The atmosphere of pressure has again been established in the global markets. The governor of the US Central Bank Federal Reserve has clearly said that there is a need for further increase in interest rates. Talking about inflation, he said that to control it, there is a need to increase the interest rates further. For this reason, the ban on the increase in interest rates is temporary. After his comment, the pressure came back on the investors.
US market fell
After this, there was a decline in Wall Street on Wednesday. On Wednesday, the Dow Jones Industrial Average was in loss of more than 102 points. At the same time, there was a decline of 1.21 percent in Nasdaq and 0.52 percent in S&P 500.
Slight rise in Asian markets
There is pressure on the Asian markets due to the fall in the American market, but in Thursday’s trading, they are in a slight rise. Japan’s Nikkei index is up by 0.19 per cent, while the Topix index is trading at a profit of 0.6 per cent. South Korea’s Kospi is trading with a gain of 0.2 per cent, while Kosdaq is in profit of 0.25 per cent. Hong Kong’s Hang Seng, China’s Shanghai Composite and Taiwan stock market are not trading today due to holiday.
Sensex companies started like this
Talking about the initial trading, the shares of most of the Sensex companies have fallen. At 09:20 am, only 8 out of 30 Sensex companies were in the green zone, while 22 companies started trading at a loss. In today’s early trade, big stocks like Tata Steel, Mahindra & Mahindra, ICICI Bank and Reliance are showing strength. On the other hand, IT stocks like Infosys, Tech Mahindra, HCL Tech, Wipro and banking-finance stocks like Bajaj Finance, Kotak Bank, Axis Bank are in losses.
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