aajtak hindi news

Story Highlights

  • The market got off to a solid start
  • Investors are hesitant for fear of recession

The stock market crashed today: On Thursday, the domestic stock market lost its initial momentum in a short time due to a record rise in U.S. interest rates and fears of an economic slowdown. The BSE Sensex and the NSE Nifty have been down for several days. Today, there was good hope that investors could get some relief now. However, at one o’clock in the afternoon, the market collapsed.

Sensex fell off the top so much

The US Federal Reserve announced an interest rate hike of 0.75% on Wednesday. After that, the US stock market closed strong yesterday. Due to the boom in the US market, the domestic market also got off to a good start today. The Sensex had once climbed to 600 points in early trade. In the afternoon, the Sensex had lost up to 700 points. That is, the market has broken over 1300 points from its peak today.

Market at the lowest of the year

Sensex and Nifty started trading with a gain of more than 1-1%. At 09:20 am, the Sensex traded above 53 thousand points with a gain of more than 550 points. Nifty jumped around 150 points and was close to 15,850 points. At 1 p.m., the Sensex had fallen to 51,900 points with a loss of more than 640 points (1.22%). On the same lines, Nifty had dropped around 225 points to 15,465 points. This is the lowest level in the domestic market since July 2021.

Yesterday also the market was very volatile

Earlier, even in Wednesday’s trading, the stock market was getting volatile throughout the day. As the market closed, the Sensex fell 152.18 points (0.29%) to 52,541.39 and the Nifty was down 39.95 points (0.25%) to 15,692.15. On Tuesday, the Sensex was down 153.13 points at 52,693.57 and the Nifty was at 15,732.10 with a loss of 42.30 points.

For this reason, there is a possibility of a deep recession

To control record inflation, the US central bank’s Federal Reserve announced an interest rate hike of 0.75% on Wednesday. This is the biggest increase in U.S. interest rates in nearly three decades. Now, interest rates in America have risen to 1.50-1.75%. Currently, the retail inflation rate in America is 8.6%, the highest in nearly 40 years. The Federal Reserve wants to bring it back to the 2% range. For this reason, the Federal Reserve is aggressively raising interest rates, to reduce liquidity in the economy and dampen demand. However, with this, the risk of recession on the economy will also become more serious due to the rapid increase in interest rates.

,
#Stock #market #crash #Stock #market #crash #due #investor #outcry #Sensex #crosses #points

Leave a Reply

Your email address will not be published.