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A big fall has been recorded in the Indian stock market today. Along with this, the results of the fourth quarter have also started coming. The country's largest IT company TCS is going to declare its results today. Although the stock market was closed on Thursday due to Eid, the market opened with a decline on Friday and remained in the red zone throughout the day.
Nifty fell more than 200 points during the trading session on Friday
Actually, Indian market is also under pressure due to weak global signals, Nifty fell by more than 200 points during Friday's trading, at 2.20 pm Nifty was trading 200 points down at 22553, while Sensex was trading more than 700 points during trading. fallen. However, despite this fall, midcap and smallcap are trading in the green.
The market declined due to the American market
The biggest reason behind today's sharp decline in the Indian market is the American stock market. Where the decline has continued for the last four days. Inflation figures in America have been higher than expected. After which the decline in the American market has intensified. Inflation figures in America are raising concerns. Data released on April 10 showed that US headline inflation rose to 3.5 percent year-on-year in March from 3.2 percent the previous month. This surge ruled out the possibility of interest rate cuts in the near future. Apart from this, there is doubt whether the rates will come down this year. Following the release of these US inflation data, US Treasury yields rose while the stock market fell. Whereas the inflation rate in January was 3.1 percent and in February it was 3.2 percent. In such a situation, there is little hope of a rate cut by the Federal Reserve. Due to which there is a selling environment in the market and it is affecting the global markets.
This stock has seen ups and downs
Talking about falling stocks, decline is being seen in the shares of Sun Pharma, Maruti, Titan, Infosys, Power Grid and Reliance Infra. At the same time, shares of Tata Motors, Ramco Systems, IRCTC and Polycab are showing growth.
25 BSE shares in red zone in last hour
Amidst the fall in the stock market, 25 out of 30 shares of Bombay Stock Exchange (BSE) are trading in the red. The biggest fall is seen in the shares of Sun Pharma in the last hour of market closure i.e. at 3 pm. Sun Pharma shares fell 4.24 per cent to Rs. Was born in 1535. Apart from this, if we talk about other shares, Maruti shares were trading with a decline of 2.74%, Titan shares by 2.40%, PowerGrid shares by 2.25%, JSW Steel shares by 1.82%, Tech Mahindra by 1.82%, ITC by 1.75%. Apart from this, the five stocks which are seeing gains despite the fall in the market include Tata Motors, Nestle India, TCS, Bajaj Finance and IndusInd Bank.