Stock Market Update: The Indian stock market may face a fall in the second consecutive trading session on Wednesday. Even today, under the pressure of the global market, investors will sell, due to which the Sensex can go below 59 thousand.
The Sensex closed 49 points lower at 59,197 in the previous session, while the Nifty fell 10 points to 1,656. Experts say that in the last session, the market initially made a gain of more than 300 points, but in the end investors came on selling and profit-booking, due to which the market closed with a loss. Today this negative sentiment will dominate the market from the beginning and the Sensex-Nifty may see a fall in the opening session itself.
The US stock market has been under constant pressure since last week and investors are booking profits after the Fed Reserve spoke of raising interest rates. In the last trading session also, major stock markets of America were showing a decline. The dow Jones has lost 0.55% while the S&P 500 was down 0.41% during the previous session. Similarly, Nasdaq Composite has also lost 0.74%.
Unlike the US, the European stock markets have seen an increase in the last trading session and most of the European stock markets closed on the green mark. Germany’s stock exchange, which is included in the major European markets, saw a gain of 0.87 percent in the last session, while the French stock market closed at 0.19 percent. The London Stock Exchange has seen a gain of 0.18 percent in the last session.
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