The Sensex closed at 76,293 with 76,293 today, that is to say on February 11. The NIFTY also decreased by 309 points (1.32%), it closed at 23,071 levels. The market closed the 5th consecutive day of negotiation.
The Nifty Realty is 3% the most broken. The media index also decreased by 2.85%. At the same time, the auto banks, FMCG, pharmaceutical and public sector index has dropped by around 2%. The metal and computer index closed about 1.50%.
The wealth of investors has decreased by Rs 9.27 Lakh crosses due to the sale on the stock market. On Tuesday, February 11, the global market capitalization of companies registered on the ESB was Rs 408 Lakh crore. On October 1, it was about 417 rupees of Lakh.
Three reasons of decline in the market
1. America has increased the price
The market decreases regularly after President Donald Trump’s decision to increase prices on steel and aluminum imports. Trump’s decision has once again expressed fears of trade war in the world. Trump increased aluminum rates from 10% to 25% and restored a 25% rate on steel imports, which was earlier in service in the United States.
2. Roupie weakness
The continuous weakness of the rupee causes market feelings. On Monday, the Roupie reached a record record for RS 88 by US dollar intrade. However, today, Tuesday, the Roupie strengthened 21 pastures. When the roupine is low, foreign institutional investors (FII) accelerate as their actual yield decreases.
3. Weak quarterly results
The low income of the quarter has also weakened the feelings of investors. After the result, the Eicher Motors shares fell 7% today. The company’s net profit in the third quarter25 increased from 17.5% to Rs 1,170.5 crosses, but it is less than estimated. The profit has decreased due to a reduction in high cost sales and high Margins motorcycles.
Mixed cases for Asian markets
Korea, Korea, increased 0.71% on the Asian market. The Hangseng of Hong Kong dropped by 1.06% and the Shanghai composite index in China dropped by 0.12%. During this period, national investors (DIIS) bought shares of a value of RS 1,515.52 crore. The S&P 500 index climbed 0.67% to end at 6,066. The NASDAQ climbed 0.98%.
The market was closed yesterday with a drop
Yesterday, that is to say on February 10, the Sensex dropped by 548 points to end at 77,311 levels. At the same time, the NIFTY also had a decrease of 178 points, it closed at 23,381 levels.
Of the 30 actions of the Sensex, 24 decreased and 6 was a drop. Energy, IT and metal shares were a significant drop. Tata Steel and Powergrid’s stock decreased by 3%.
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