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Stock Market Falls: After the decline in the stock market for the last four days, it could not break on the fifth day on Thursday. The fourth trading day of the week took place with a decline. However, after some time, the market Sensex climbed up about 100 points and the Nifty was also trading at 25100.
But then at around one o’clock in the afternoon, the 30 -digit Sensex was seen to be broken up to 254 points while the Nifty on NSE also came around 25000.
A day earlier, on Wednesday, the Sensex fell 386 points to close at 81,716, while the Nifty also fell 113 points to close at 25057. If we talk about the loss, then till now the investors have submerged a lot of money. BSE’s market cap was 4,65,73,486.22 crore on 18 September. But this decreased to Rs 4,60,56,946.88 crore on 24 September. That is, in the last four days of investors, there has been a loss of Rs 5,16,539.34 crore.
Major causes of decline
1. Profit booking
In the Indian market, exports have been affected due to the US high tariff, while the increased fees of H1B visa have created doubts in the minds of investors. There is also a tremendous decline in the rupee as compared to the US dollar. This is the reason that foreign institutional investors are extracting money from the Indian market and charging profits. According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 3,551.19 crore on Tuesday. Because of this, heavy pressure is being seen in the Indian stock market.
2. Bad condition of Nifty
The NSE Nifty 50 has fallen by more than three percent during the last one year. Although the growth is definitely seen in the middle, but the trust of investors has completely shaken. In the midst of global uncertainties, investors in the Indian market are currently avoiding additional money and are in a state of vigilance.
3. H1B visa fee impact effect
According to Vinod, the research head of Jiojit Investments Limited, after the GST reform, there has been a lot of profit booking in the Indian domestic markets. Investors are re -determining the evaluation and the income expectations of the second quarter. In addition, IT Stocks performed weak due to H1B fee increase, while investors are taking alert stance due to US trade statements and weak global signals among the ongoing trade talks.
4. Rupee at the lower level
Indian rupee has seen a historic decline in recent times. The rupee is going to touch the level of about 89 soon compared to the dollar and it has reached 88.75. During the current financial year, Indian currency has seen a decline of up to 5 percent compared to the US dollar. In such a situation, the direct impact of the dying rupee is also visible on the stock market.
5. rising prices of crude oil
Crude oil is seen in the international market. The main reason for this is that tension is being considered in the middle East. Brent crude has again reached around $ 70 per barrel while its price was also below $ 66 per barrel a few weeks ago.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
