Share Market : weak global cues indian share with Market Opened with a drop today. Asian markets are trading below the red line today as the US markets have gained momentum in the previous session. Indian stock markets are also trading with a decline today. The Sensex opened today at 56,983.68, down 0.65% from 372.93 points. The Sensex closed at 57,356.61, up 776.72 points or 1.37%. Talking about Nifty, after losing 127.45 points or 0.74%, it opened at 17,073.35 today. The Sensex fell at 56,860.84 and the Nifty at 17,056.65 in early trade.
Global signal found weak
During Tuesday’s trading session, there was a sharp decline in global markets. Talking about the US markets, the Dow Jones fell 800 points and closed at a one-day low. So Nasdaq also saw a huge decline of 4 percent. This is the biggest drop in 18 months. Nasdaq is now trading at December 2020 levels. IT stocks declined in US markets, leading to a sell-off in US markets. Apart from this, Alphabet, Microsoft and Meta have seen sharp declines of 4% and 4% respectively. Tesla’s stock is down 12 percent. Mixed business is being seen in Europe. Talking about the Asian markets, selling is also being seen here and SGX Nifty is trading on the red mark with a fall of about 200 points.
Important things for the market today
Huge fall in US markets LIC IPO: Price band set at 902-949, 2 companies in Nifty and 6 companies in F&O to release tomorrow’s results including Bajaj Finance will have an impact.
Brent 10 crosses 106 per barrel in crude oil. China is using stimulus plans to help the economy recover from the crisis.
In the trading session of 26 April, Foreign Institutional Investors bought Rs. 1174.05 crore and domestic institutional investors Rs. Investment of Rs 1643.84 crore was withdrawn.
last season’s business