Mumbai: Sensex Reliance and Financial stocks closed 889 points lower at 57,012 on strong selling. Comprehensive nifty Closed just below the 17,000 level, down 263 points. US Fed’s decision to accelerate the end of its easy currency policy, increase in omicron Selling in the markets was triggered by various transitions and rising inflation, which also affected sentiments on Dalal Street. Market The players said.
The Bank of England’s decision to hike interest rates on Thursday also caused panic. investors As they expect more central banks will follow the decision of the UK central bank.
However, strong buying in key technology stocks curtailed the day’s selloff in the Sensex, which included Infosys, HCL Tech and TCS among the five Sensex gainers.
Like the last few weeks, Foreign The funds sold off on Friday with a net outflow of Rs 2,070 crore. Foreign Portfolio Investor (FPIData from CDSL and BSE shows that they have net sold shares worth Rs 15,640 crore in this month. This is the biggest monthly net outflow since March 2020.
However, Friday’s sell-off was more severe than the previous few weeks, market players pointed out, which was also visible in stocks outside the Sensex. The BSE Midcap index closed down 2.5% on Friday, compared to a 1.5% fall in the Sensex, while the Smallcap index was down 2.1%. In the broader market, 2,353 shares closed lower as compared to 983 which closed higher on the BSE. According to Joseph Thomas, head of research at Emkay Wealth Management, the index’s fall was mainly due to tightening of liquidity by the US Fed after the last meeting of its policy-making committee earlier this week and there were also indications from the central bank that it would increase. Will give Interest rates at least three times in 2022. ,
The flight of money reaching the shores of emerging markets as quantitative easing began with the outbreak of the pandemic is slowly finding its way back to where it came from, a feature (seen) with earlier tapering off also,” Thomas said in a note. He added that this trend is likely to pick up further before the budget-related enthusiasm wears off.
BSE data shows the session’s slide with BSE’s market capitalization now Rs 262.2 lakh crore left investors less than Rs 4.7 lakh crore.
With the US market opening lower and diving deeper into the red mark, dealers here said the weakness in the domestic market may continue.
The Bank of England’s decision to hike interest rates on Thursday also caused panic. investors As they expect more central banks will follow the decision of the UK central bank.
However, strong buying in key technology stocks curtailed the day’s selloff in the Sensex, which included Infosys, HCL Tech and TCS among the five Sensex gainers.
Like the last few weeks, Foreign The funds sold off on Friday with a net outflow of Rs 2,070 crore. Foreign Portfolio Investor (FPIData from CDSL and BSE shows that they have net sold shares worth Rs 15,640 crore in this month. This is the biggest monthly net outflow since March 2020.
However, Friday’s sell-off was more severe than the previous few weeks, market players pointed out, which was also visible in stocks outside the Sensex. The BSE Midcap index closed down 2.5% on Friday, compared to a 1.5% fall in the Sensex, while the Smallcap index was down 2.1%. In the broader market, 2,353 shares closed lower as compared to 983 which closed higher on the BSE. According to Joseph Thomas, head of research at Emkay Wealth Management, the index’s fall was mainly due to tightening of liquidity by the US Fed after the last meeting of its policy-making committee earlier this week and there were also indications from the central bank that it would increase. Will give Interest rates at least three times in 2022. ,
The flight of money reaching the shores of emerging markets as quantitative easing began with the outbreak of the pandemic is slowly finding its way back to where it came from, a feature (seen) with earlier tapering off also,” Thomas said in a note. He added that this trend is likely to pick up further before the budget-related enthusiasm wears off.
BSE data shows the session’s slide with BSE’s market capitalization now Rs 262.2 lakh crore left investors less than Rs 4.7 lakh crore.
With the US market opening lower and diving deeper into the red mark, dealers here said the weakness in the domestic market may continue.
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