Impact of US inflation: Sensex falls 940 points below 58 thousand

Impact of US inflation: Sensex falls 940 points below 58 thousand

Impact of US inflation: These are the three reasons for the market’s decline. The main cause of the market’s decline is the United States’ inflation rate, which has reached a 40-year high. In addition, starting in March, the US Federal Reserve will raise interest rates. Third, US Vice President Joe Biden has ordered all US citizens to leave Ukraine as soon as possible. A conflict between Russia and Ukraine is expected to erupt at any time.

will rise by a half-percentage point

The Federal Reserve of the United States is expected to raise interest rates by half a percentage point. By July, the rate is expected to increase by 1%. Foreign investors prefer IT and financial stocks, which are more likely to be sold. The US Federal Reserve may raise rates 4-5 times this year, according to brokerage house Nomura.

Today, Adani Wilmar’s stock is still up 5%. It has increased by 75% in three days to Rs 398. The issue’s price was fixed at Rs 230. The listing had resulted in a loss.

The Sensex began the day with a 479-point loss.

The Sensex was down 479 points today, closing at 58,447. It reached an upper level of the same level and a lower level of 58,221. Only one of the company’s 30 stocks is up, while the other 29 are down. Only Nestle has room to expand. Tech Mahindra, Wipro, Infosys, and HCL Tech are among the major stocks that have fallen more than 2%.

In addition, there is a decrease in

Over 1% fell in HDFC Ltd, Bajaj Finserv, Kotak Bank, Bajaj Finance, ICICI Bank, Mahindra & Mahindra, TCS, and UltraTech. Titan, HDFC Bank, Hindustan Unilever, Dr. Reddy, SBI, Airtel, Axis Bank, Asian Paints, and IndusInd Bank are among the other companies on the decline.

In the upper circuit, there are 91 shares.

In the Sensex, there are 91 shares trading in the upper circuit and 198 shares trading in the lower circuit. This means that the price of these stocks can’t go up or down more than a certain amount in a single day. The listed companies have a market capitalization of Rs 264.42 lakh crore. It was Rs 267.65 lakh crore yesterday.

The Nifty is now down 283 points.

The Nifty of the National Stock Exchange, on the other hand, is down 283 points at 17,322. It started at 17,451 and ended at 17,454, with a low of 17,391 and a high of 17,454. Eight of the company’s 50 stocks are up and 42 are down. The indices Next 50, Midcap, Nifty Bank, and Nifty Financial all fell.

Infosys and Tech Mahindra have parted ways.

Nifty’s biggest losers include Infosys, Tech Mahindra, Wipro, HCL Tech, and Hero Moto Corp. Hindalco, Bharat Petroleum, ONGC, Indian Oil, and Coal India are among the producers. The Sensex had closed 460 points higher at 58,926 earlier on Thursday. The Nifty ended the day 142 points higher, at 17,605.