Sensex concerned about adverse global events: The Sensex fell 1,032.35 points on Tuesday on negative global cues and selling in IT, finance and telecom companies. However, there was some improvement in the index in the subsequent half and made up for most of the fall.
The BSE benchmark Sensex closed 410.28 points lower at 59,667.60 after buying support in the last hour of volatile trading. The broad-based National Stock Exchange index Nifty fell 106.50 points. The index closed at 17,748.60 at the end of the day.
Sharp volatility in the Indian capital market
On the other hand, the decline in the IT index and the rise in the fuel and gas index have led to sharp volatility in the Indian capital market. There was hustle and bustle in the market throughout the day. The index of public sector companies did well, showing a rise of three per cent. The market corrected at the end of the session. However, the market remained bearish, said S Ranganathan, Head of Research, LKP Securities.
Sensex concerned about adverse global events
The market fell on negative global cues and profit-booking in IT companies and housing companies. Vinod Nair, Head of Research, Geojit Financial Services, said rising US bond returns, rising Brent crude prices and the escalating crisis facing the Chinese economy have created a negative global environment. In this environment, such a picture was seen in the market on Tuesday that the bears have made a move.
Slowdown in the market, the shares of PowerGrid, NTPC, Coal India,
Despite the slowdown in the market, the shares of PowerGrid, NTPC, Coal India, Sun Pharma, Titan, Kotak Bank and Dr Reddy’s were trading with gains throughout the day.
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cause of global concern.
International Brent crude prices hit a three-year high. Due to the easing of tariffs, the demand for fuel is increasing as the spread of corona in different countries is decreasing. As a result, rising demand has pushed Brent crude to 800 per barrel in international markets.
Power shortage in china
The power crisis in China is getting worse. Production of most industries has been temporarily halted to balance the demand and supply of electricity. But a power shortage in China is likely to disrupt global supplies.
UK fuel shortage
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* There is a severe fuel shortage in the UK and tanker drivers are not available to supply fuel in many places. Due to the shortage of fuel, people have formed long queues to fill fuel.