Stock Market
Stock Market
Stocks market today: India’s benchmark Nifty 50 and Sensex fell over 1 percent on Wednesday, March 13, as the U.S. benchmark index fell more than 1 percent. inflation rose slightly after February, raising concerns that the U.S. The Federal Reserve could hold off on cutting rates beyond June.
The Nifty 50 opened at 22,432.20 as against 22,335.70 previously, falling 1.9 per cent to the day low of 21,905.65. The index lost 338 points, or 1.51 per cent, to end at 21,997.70.
As many as 43 stocks in the Nifty 50 index ended in the red, with Power Grid (down 7.07 per cent), Coal India (down 7 per cent) and Adani Enterprises (down 100). each 6.81) shares were the biggest losers The Sensex opened at 73,993.40 as against 73,667.96 previously, falling 1.6 per cent to the day’s low of 72,515.71. The 30-share pack lost 906 points, or 1.23 percent, to end at 72,761.89. Mid and small cap indices recorded big losses. While the BSE midcap index split nearly 5 percent, the BSE Smallcap index fell more than 5 percent in the day’s trade. Finally, the BSE Midcap Index ended with a loss of 4.20 per cent, while the BSE Smallcap Index ended 5.11 per cent lower.
The total stock market capitalization of BSE-listed companies fell to around Rs 372.1 lakh crore from around Rs 385.6 lakh crore in the previous session, costing investors around ₹13.5 lakh crore in a session Also Read: stock market crash: Market loses over ₹13 lakh crore in a day Over 250 stocks including Hindustan Unilever, SBI Cards and Payment Services, Page Industries, UPL and Zee Entertainment hit fresh 52-week lows in intra-day trade on BSE Also read: Is the bull market turning into a bubble? Except the Nifty FMCG index (up 0.05 percent), which closed almost flat, all regional indices closed with losses.
Nifty Metal (down 5.69 per cent), Media (down 5.62 per cent), Realty (down 5.32 per cent), Oil and Gas (down 4.87 per cent) and PSU banks (down 1 per cent). verse 4.28) increased dramatically There was a loss. The Nifty Bank fell 0.64 per cent, while the Private Banking Index fell 0.70 per cent. Here are five key factors that experts believe may be driving the sell-off across the nation’s stock market today. Consider:
1. Concerns about aesthetics The domestic stock market is experiencing a massive sell-off after strong growth since November, pushing prices higher despite new market stimulus. Experts say the stock market appears to be in bubble territory, especially in the small-cap segment. “Overpricing in these segments has been a concern for several months now because of the growing trend among retail investors,” said VK Vijaykumar, senior strategist at Jiojit Financial Services for unreasonable reasons.”
2. A frothy market with no new catalysts As market speculation reached all-time highs last week, experts expressed concern that most positives had already been discounted and that the market would need additional positive stimulus to generate profits and go n ‘face. With no or poor incentives, the stock market was expected to see the consolidation currently underway.
3. Rate of entanglement U.S. inflation rose higher than expected in February, raising concerns that the U.S. will continue to grow. The Federal Reserve could delay cutting interest rates. This pushed the dollar rate higher and the U.S. dollar. the stock market increased. However, the domestic market seems to see this negatively as higher interest rates in the long run can restrict foreign capital flows to emerging markets like India, adversely affecting them . . . . “A subsequent price cut could have a negative impact on Indian markets. This is because we are seeing more and more FIIs pulling money out of the Indian market and investing in their home country while enjoying return on investment at a higher percentage which will widen the interest rate gap between India and the US. between the two,” managing director Hemant Sood of Findoc told Mint.
4. Impact of overall national statistics Indian retail inflation in February showed no marked improvement and was close to the previous month’s levels while January factory print was weaker than expected Also read: February inflation steady at 5.1% but food prices up As reported earlier by Mint, India’s Consumer Price Index (CPI) – which is based on inflation – fell to a four-month low of 5.09 per cent in February 2024, from
5.1 per cent in January 2024, while India’s industrial manufacturing growth stood at 3.8 per cent in January, 2024. the unchanging moon- The Moon. Also read: Factory output: India’s industrial production 3.8% in January 5. Effect of March Some experts believe the bank will see some weakness in March due to some gains recorded since the end of the financial year.
Ajit Banerjee, chief financial officer, Sriram Jeevan Insurance Company, said, “Some benefit planning is being done as the financial year nears its end.” Many corporate and institutional investors liquidate their positions in equities in March to show profits on their balance sheets at the end of the financial year Also, March is the last date for paying consumption taxes previously paid so some companies and investors may choose to sell equities to raise cash . Read all the market news here Disclaimer: The opinions and recommendations above are those of individual researchers, experts and commercial companies, not Mint. We advise investors to seek out certified experts before making investment decisions.