Today, on Tuesday, the Indian stock market is seeing a decline for the second consecutive trading day. Sensex is up by about 100 points at 52,952 while Nifty is trading 35.45 points higher at 15,800. At present, both the indices are up about 0.22%. IT and metal stocks were the biggest gainers.
Sensex was down 350 points at 52,495 and Nifty lost 100 points to open at 15,674.
Out of 30 Sensex stocks, 23 gained and 7 declined.
US markets badly broken On
Monday, the US markets are again badly broken. The Dow Jones closed at 31,392 down 880 points. Dow Jones closed down 880 points for the second consecutive day due to rising rates and fear of recession. The Nasdaq is down 4.7% and the S&P 500 is down 3.9%. The S&P 500 is down 21% from highs, while the Nasdaq is down 33% from highs. Apart from this, European markets have also slipped by 2.5%. However, the Asian market has declined significantly compared to the fall in the US markets. It doesn’t seem to have much impact on the Indian market either.
The Sensex closed with a fall of 1456 on Monday, the
last trading day on Monday, the Indian stock market closed with a heavy fall. The Sensex was down 1456.74 points or 2.68% at 52,846.70 and the Nifty was down 427.40 points or 2.64% at 15,774.40. The biggest decline was seen in metal and IT stocks.
Stocks in News Stocks in news
today are Bajaj Finance, Zomato, Metropolis Healthcare, Torrent Power, Zydus Lifescience, Uflex, Ather Industries, Capri Global Capital, Dynamic Technologies, WPIL. Due to some or the other news related to these companies, today all these stocks will be monitored by the market.
Midcap and small cap gains
Top stocks to gain and fall in BSE Midcap.
Top stocks to gain and fall in BSE Smallcap.
Some relief from inflation
The common man has got some relief on the inflation front in May. The inflation rate has come down due to the reduction in the inflation of food items to fuel and electricity. Inflation in clothing and footwear also declined marginally. According to government data released on Monday, the Consumer Price Index (CPI) based retail inflation declined to 7.04% in May. Food inflation declined to 7.97% from 8.38%. However, this is the fifth consecutive month that inflation has crossed the RBI’s upper limit of 6%. Retail inflation was recorded at 6.01% in January 2022, 6.07% in February, 6.95% in March and 7.79% in April.
Selling by
foreign investors Foreign investors (FPIs) have been selling in the domestic market for nine months. On Monday too, he sold shares worth Rs 4,890.71 crore. Rs 18,152 crore so far in June and Rs 1,94,020 crore so far this year. shares have been sold.
Expert’s opinion
According to market experts, 15675-15635 and 15550-15625 are the support zones for Nifty. Below this is a strong buying zone at 15375-15450. The upper zone for Nifty is 15850-15900. Above this, 15975-16075 is a strong selling zone. Talking about Bank Nifty, 33125-33200 and 32875-33000 are the support zones. Below this is a strong buying zone 32150-32450. The upper zone for Bank Nifty is 33775-33900. Above this is a strong selling zone of 34000-34350.