The Indian stock market has been under constant pressure for the last several trading sessions. Experts say that despite the boom in the global market, the sentiment of investors is still looking negative. If foreign institutional investors exit the market, then even today they will have to face the decline.
The Indian stock market does not seem to be recovering from the pressure even today. Despite the rise in the global market, the sentiment of Indian investors is still looking negative and selling is dominating.
Sensex lost 106 points in the last trading session and closed at 54,365, while Nifty fell 62 points to reach 16,240. This was the second consecutive trading day of this week when the market closed on the downside.
Experts say that even today the market will have to bear the initial loss. If there is a change in the sentiments of the investors later, then it is expected that the session can be closed with some bullishness.
The US and
Europe’s stock market saw a rise during the last session due to the softening of crude oil prices in the global market. Crude oil production has increased in the US, while consumption has decreased due to increased infection in China. Its direct effect was visible on crude prices and the US stock market also rose. America’s major stock exchange Nasdaq closed with a 0.98 percent jump.
The effect of softening in crude oil was also visible on European stock markets and all major stock exchanges were bullish. While Germany’s stock exchange closed at 1.15 per cent, the French stock market rose 0.51 per cent. Apart from this, the London stock exchange also closed with a gain of 0.37 per cent.
Mixed trend of Asian markets
Most of the markets in Asia saw a decline in today’s trading, but there was a bullish atmosphere in some markets. While the Singapore Stock Exchange is trading at a loss of 0.35 percent, Hong Kong is seeing a decline of 0.62 percent.
Taiwan is also seeing a decline of 0.33 percent, while South Korea’s stock market is trading at a loss of 0.25 percent and China’s Shanghai Composite 0.02 percent. However, the Nikkei of Japan is also seeing a rise of 0.10 percent.
The sale of foreign investors continues
, the process of withdrawal of foreign investors from the Indian stock market is not taking its name to stop. Foreign Institutional Investors (FIIs) withdrew Rs 3,960.59 crore from the market during Tuesday’s trade.
However, domestic institutional investors made up for it and bought shares worth Rs 2,958.40 crore in the previous session. Despite this, the fall in the market could not be stopped. Even today, if foreign investors sell, the market will be closed at a loss.
