HomeCURRENT AFFAIRSBUSINESSShare Market: Sensex is trading around 55680

Share Market: Sensex is trading around 55680

On the first day of the week today, the market has had a weak start. However, with the opening, there is a recovery in the market. After the market opened, the Sensex is trading around 55680 with a fall of more than 50 points. At the same time, Nifty is trading above 16,500 with a fall of about 25 points.

Within 15 minutes of the market opening, the level of 16500 of Nifty has been broken. Nifty is trading with a fall of about 100 points. Bank is also seeing a decline of more than 150 points.

According to market experts, volatility will dominate the market this week. The move of the market will depend on the Reserve Bank meeting this week, the price of crude oil, data coming from the US and geopolitical conditions. The meeting of the Reserve Bank has also started today. In this three-day meeting, the Reserve Bank will decide the next monetary policy. The six-member Monetary Policy Committee (MPC) headed by Reserve Bank Governor Shaktikanta Das is scheduled to announce the policy proposal on Wednesday, June 8.

In today’s business, pressure is being seen in metals, realty, IT, FMCG sector. Market experts say that the rising price of crude is seen as a big negative factor. This morning the price of Brent crude oil has crossed $ 120 per barrel. According to the experts of CNBC Awaaz, if the crude stays above 120, then it will increase further which will be a problem for the market.

Markets closed with a fall on Friday last week. The signals from the global market are mixed. At present, the futures of the US market are trading in the green mark. So the market is seeing a lot of volatility.

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