Share Market Today: Indian stock markets are open today with a fall on Tuesday. Sensex is trading near the level of 55200 with a fall of more than 400 points. At the same time, Nifty is running below 16500 with a fall of more than 100 points. On the other hand, Bank Nifty is also seeing a fall of more than 200 points and this index has come below the important support level of 35100.
After the opening of the market, the future prices of many stocks were not being updated on NSE. Due to non-update of price, there was panic for some time but now the situation has become normal.
According to Market Experts, despite a slight rise in the US markets on Monday, the Indian markets have opened with a big fall. Market is under pressure due to poor global cues. The second major reason is the rise in crude oil prices. Crude oil is trading above $120 per barrel. Expensive crude is a very negative factor for the Indian market. There are no signs of it coming down.
At the same time, the problem of inflation remains. Today is the second day of the three-day meeting of the Reserve Bank and there is every possibility of rate hike. In such a situation, traders are walking with a very protective approach. Everyone is waiting for the Reserve Bank and the upcoming US figures.
According to data available on NSE, Foreign Institutional Investors (FIIs) made net sale of shares worth Rs 2,397.65 crore on June 6, while Domestic Institutional Investors (DIIs) remained net buyers of shares worth Rs 1,940 crore.
Foreigners have been selling continuously for the last eight months. After October 2021, FPIs have sold more than Rs 2 lakh crore. Its effect is also visible on the Indian markets.
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