The Budget presentation is just a few days away. As the permutations and combinations hit a frenetic pace, what should you look for when the finance minister stands to read out the document? Not just that, a clutch of interest rate policy decisions across geographies will keep the week humming
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The stock market without getting off the ride – Stock Market Analysis
written by Alexandra Hartman Editor-in-Chief
The boom of the Indian stock market is like a child who does not want to get off the ride no matter what anyone says. Sensex and Nifty, which reached overbought levels following passing through the green signal for eight days in a row, were in the red last Friday, but on a week-to-date basis, they are up regarding 1 percent. Most global markets, including the US and Europe, ended the week with slight gains. This week, the announcement of interest rates in three countries including India, the Gujarat election result, the Covid situation in China, and the consequences of the price controls imposed by the G7 countries on Russian crude oil are lined up with many events that can influence the market.
Indian stock market: Sensex index falls more than 500 points
written by Alexandra Hartman Editor-in-Chief
India’s Sensex tumbled more than 500 points on Thursday as investors worried regarding Federal Reserve officials’ support for a rate hike to curb inflation.
In addition, the market was worried following China released the number of COVID-19 cases. increasing in many cities
The S&P BSE Sensex Index closed at 61,144.84, down 518.64 points or 0.84%.
Technology stocks led the market down today.
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