Today, after the day's ups and downs, the stock market closed down on the fourth trading day of the week i.e. Thursday. The Bombay Stock Exchange's flagship index Sensex lost 0.43 percent to end the day at 39749.85, down 172.61 points. At the same time, the National Stock Exchange's Nifty lost 0.50 percent (58.80 points) to close at the level of 11670.80.
According to analysts, further market volatility will continue. Hence investors should be cautious. On Wednesday, foreign portfolio investors (FPIs) made net sales of shares worth Rs 1,130.98 crore, as per the stock market data.
US market share fell 3.5 percent
US stock markets fell as much as 3.5 percent on Wednesday on fears of sanctions following a spurt in cases of the coronavirus epidemic. New restrictions have been imposed in Europe as the case of Kovid-19 increases. After this, there is an increased possibility of restrictions in America. The Dow Jones Industrial Average fell 943 points on Wednesday. Similarly, the S&P 500 lost 3.5 percent. This was S&P's biggest and third consecutive decline since June. The S&P has fallen by 5.6 percent so far this week.
This is the biggest weekly decline since March. Then the first wave of epidemic led to restrictions being imposed around the world. Due to this, selling was seen in markets across the world. On Wednesday, the S&P 500 lost 119.65 points to settle at 3,271.03 points. The Dow Jones Industrial Average also fell 943.24 points, or 3.4 percent, to close at 26,519.95. The Nasdaq Composite Index fell 426.48 points, or 3.7 percent, to 11,004.87 points. The S&P 500 saw an all-round sell-off and 96 percent of its shares fell.
The market was affected by these factors
Actually, the outbreak of coronavirus epidemic is increasing in the world. In America, Russia, France, and other countries of Europe, the virus has started spreading rapidly. Therefore, new countries have also imposed new restrictions. In addition, the US has been cautious about investing in the investor market since the presidential election on November 3. US President Donald Trump said the stimulus package would be released after the election. This is because the dialogue between the Republican Party and the Democrats could not get in the right direction. All of these factors affected the market.
23 paise dropped
The rupee continued to fall on Thursday due to the strong dollar. The rupee fell 23 paise to close at 74.10 per dollar in the interbank currency market. The rupee opened weak at 74.02 per dollar in the interbank currency market. In some time it fell 23 paise to 74.10 per dollar. The rupee touched a high of 73.94 per dollar and a low of 74.16 per dollar during trading. On Wednesday, the rupee fell by 16 paise to close at 73.87 per dollar for more than a month. The rupee has now fallen to a two-month low.
The dollar strengthened by investors preferring safe investments in times of uncertainty. Meanwhile, the dollar index in the basket of six major currencies rose 0.09 percent to 93.49.
Such was the situation of veteran shares
Talking about the big stocks, today Asian Paints, Tech Mahindra, UltraTech Cement, Shree Cement, and HCL Tech closed on the green mark. L&T, Titan, Adani Ports, ONGC, and Axis Bank shares closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today all sectors except IT closed on the red mark. These include Realty, PSU Bank, Bank, Private Bank, Pharma, Media, FMCG, Auto, Finance Services, and Metal.
The market was open on the decline
Today the Sensex was down 298.36 points (0.75 percent) to open at the level of 39624.10. The Nifty started with a decline of 96.30 points (0.81 percent) at 11633.30.
The market had closed on the red mark on the previous trading day
On the previous trading day, the stock market closed on a steep decline after day-long fluctuations. Profit recovery increased during the business. The Sensex was down 599.64 points to close at 39922.46, down 1.48 percent and the Nifty was down 1.34 percent (159.80 points) to end at 11729.60.