look news india
Stock Market Today: Indian stock markets are trading at a decline today compared to global markets. BSE Sensex is trading at 74889.64, down 148.51 points after opening at 74951.88. At 10.18 am it was trading down 420.11 points. NSE Nifty was also trading 113.25 points down at 22640.55.
Of the 30 shares in the BSE Sensex pack, 7 shares were trading down by up to 1 per cent and 23 shares were down by up to 2.51 per cent. As of 10.18 am, 138 shares were trading at 1-year high and 6-year low. 184 stocks hit the upper circuit, while 215 stocks hit the lower circuit. The stock fell 12.74 per cent to become the top loser today after the Supreme Court's decision not to give arbitration benefits to Anil Ambani's Reliance Infra.
reduction in financial-bank taxes
In the sectoral index today, except Auto, Utility, Energy, Capital Goods, Power, all sectors are trading with a decline of 0.01 percent to 0.90 percent. Bankex index fell 0.67 percent. While consumer durables traded with a decline of 0.81 percent.
reason behind the decline
Rising US inflation and escalating geopolitical tensions between Iran and Israel have put pressure on global markets, leading to higher volumes in the market, leading to profit-booking. Over volume was recorded in most of the Sensex and Nifty stocks. That's why correction has been seen.
In the eyes of experts
The stock markets have made new all-time highs with a sustained rise at the beginning of the week. After this peak, profit-taking has increased in the market. Correction may be seen in the market. On the other hand, top research firms including ADB and World Bank have predicted India's economic growth to remain strong. Barring global challenges, the overall domestic market may remain bullish.