Business

US Market fell, Dow Jones 1000 points, Nasdaq fell 5%, what is the sign for Sensex-Nifty today?

Photo:FILE

Dow Jones

US Market The Dow Jones and Nasdaq fell on Thursday. If the Dow Jones broke more than 1000 points, the Nasdaq also fell by 5 percent. After the decision of the US Fed to increase the interest rate, there is a sell-off not only in America, but also in Asian markets including Asian markets. Market experts say that this is not a good sign for the Indian market. Those investing in the Indian stock market should be cautious today. Big selling can be seen in the Indian market today.

US market turmoil due to Fed’s decision

After 22 years, the US central bank Federal Reserve has increased its interest rates by 0.50 percent. This led to a major fall in the US stock market on Thursday. Big selling was seen on Thursday in all three major stock exchanges of America. The Dow Jones lost 1,063.09 points (3.12%), the Nasdaq 647.165 points (4.99%) and the S&P500 lost 153.3 points (3.56%). The impact of the US market is being seen on major markets around the world including Europe. Selling dominates all stock exchanges. This will work to spoil the sentiment of the world market.

What is the sign for the Indian market today?

Market experts say that the signals for the Indian market in the short term remain negative. So there is every possibility of a sell-off. Nifty may break down to the level of 16,200. In such a situation, traders and investors need to be cautious. Stay with the stocks of good companies. At the same time, the penny goes out of stock. The movement of the Indian market today will depend a lot on the selling of foreign investors. If foreign institutional investors sell heavily, the market may see a major downside.

!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”); ,

Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
Back to top button