Zoom News : Jun 17, 2022, 09:44 AM
The effect of the fall in the US stock markets is also being seen in the domestic stock market today. Today the last day of the week is also seeing a decline in the domestic stock market. Sensex and Nifty were on the red mark in the early trade itself. Let us tell you that on Thursday itself, the Indian stock market had come down to a one-year low. Now the US stock market has also started with a record sell-off.
The Dow Jones has fallen 2.42 percent to 29927. This 52 week low is close to 29540. It has broken around 2071 points in the last 5 sessions. On June 10, it was at the level of 32000. At the same time, there was a huge decline of 4.08 percent in Nasdaq and it came down to 10646. It has dived 897 points in the last 5 seasons. This fall has happened in the S&P as well. The S&P 500 fell 3.25 percent to 3666 on Thursday. It has lost 7.74 percent in the last 5 sessions. This is also very close to the last 52 week low of 3639.deepening shadow of economic slowdownFederal Bank of America has increased interest rates by 0.75 percent. This is the biggest increase in interest rates since 1994. Along with this, the central banks of England, Switzerland and Japan have also increased interest rates. Global inflation has reached a record level due to the increase in oil prices due to the ongoing war between Russia and Ukraine.Vinod Nair, Head of Research, Geojit Financial Services, said, "The decision of the Federal Reserve to hike the policy rate was in line with expectations. Hence, the market was up in early trade, but fears of recession affected the global sentiment."Market shivering due to fear of inflationUS stocks have started diving due to fear of inflation. Among companies with mega market capital, Amazon.com's shares fell 3.72 percent to a 52-week low of $101.26. Microsoft is also down 2.70 percent at $244.97 and it is also very close to the 52-week low of 241.51. Apple's shares have also fallen 3.97 percent. It has also settled near its 52-week low of $128.46. It closed at $130.06 on Thursday. Elon Musk's company Tesla also succumbed. This stock recorded a huge decline of 8.54 fees.
Indian market also battered The BSE Sensex closed 1,045.60 points, or 1.99 per cent, lower at 51,495.79 on Thursday on a weak global trend, concerns over inflation and capital outflows of foreign institutional investors. In the last five trading sessions, the Sensex has come down by 3,824.49 points or 6.91 per cent. Due to the continued fall in the stock markets for the last five days, investors have lost Rs 15.74 lakh crore.
The Dow Jones has fallen 2.42 percent to 29927. This 52 week low is close to 29540. It has broken around 2071 points in the last 5 sessions. On June 10, it was at the level of 32000. At the same time, there was a huge decline of 4.08 percent in Nasdaq and it came down to 10646. It has dived 897 points in the last 5 seasons. This fall has happened in the S&P as well. The S&P 500 fell 3.25 percent to 3666 on Thursday. It has lost 7.74 percent in the last 5 sessions. This is also very close to the last 52 week low of 3639.deepening shadow of economic slowdownFederal Bank of America has increased interest rates by 0.75 percent. This is the biggest increase in interest rates since 1994. Along with this, the central banks of England, Switzerland and Japan have also increased interest rates. Global inflation has reached a record level due to the increase in oil prices due to the ongoing war between Russia and Ukraine.Vinod Nair, Head of Research, Geojit Financial Services, said, "The decision of the Federal Reserve to hike the policy rate was in line with expectations. Hence, the market was up in early trade, but fears of recession affected the global sentiment."Market shivering due to fear of inflationUS stocks have started diving due to fear of inflation. Among companies with mega market capital, Amazon.com's shares fell 3.72 percent to a 52-week low of $101.26. Microsoft is also down 2.70 percent at $244.97 and it is also very close to the 52-week low of 241.51. Apple's shares have also fallen 3.97 percent. It has also settled near its 52-week low of $128.46. It closed at $130.06 on Thursday. Elon Musk's company Tesla also succumbed. This stock recorded a huge decline of 8.54 fees.
Indian market also battered The BSE Sensex closed 1,045.60 points, or 1.99 per cent, lower at 51,495.79 on Thursday on a weak global trend, concerns over inflation and capital outflows of foreign institutional investors. In the last five trading sessions, the Sensex has come down by 3,824.49 points or 6.91 per cent. Due to the continued fall in the stock markets for the last five days, investors have lost Rs 15.74 lakh crore.