Stock Market Today: In the middle of a little rebound

Stock Market Today: The stock market ended in the sixth consecutive day. In view of mixed global signals, the Indian Stock Market Benchmark Sensex fell more than 900 points in Intrade Trading on Wednesday. Sensex fell by 76,294 to 75,388, while Nifty 50 fell more than 1 percent and exceeded 22,798.

Little recovery ..

However, the two indices, then reduced the loss and ended with low damage. Finally, Sensex fell at 123 points or 0.16 percent 76,171. The Nifty closed at 27 points or 0.12 percent at 23,045. The mid and small-cap segment continue their performance. The BSE Midcap and Smallcap index closed 0.45 percent and 0.49 percent respectively.

Improve Nifty Bank

In the Sectoral Index, the Nifty Bank rose 0.15 percent. Financial Services Index increased 0.45 %. The Nifty PSU bank (increased 0.84 percent), private bank (0.24 percent rose) and metal (0.67 percent rose) indexes also closed. Nifty realty (2.74 percent loss) suffered severe losses. This was followed by oil and gas (0.80 percent reduction) and auto (0.74 percent reduced).

What happened in the stock market today?

In the last six sessions, Sensex fell 2,413 points or 3 percent. The Nifty lost 50 694 points or 2.92 percent. Experts say there are five major reasons behind the collapse of the Indian stock market. they are

1. Previous care of new income tax bill

To some extent, the new income tax bill can be a reason for the current market sales. In his budget speech on 1 February, the new Income Tax (IT) Bill announced by Finance Minister Nirmala Sitarman is likely to be introduced in the Lok Sabha on Thursday. It is feared that the new IT bill will have high tax rates on financial securities.

2. US Fed Chairman Jerome Powell Comments

Jerome Powell, president of the US Federal Reserve, made important remarks before the Congress on Tuesday. The central bank is expected to be careful at interest rates, he said. This year, expectation of additional fed rate cuts has stopped. Powell told the Congress that the job market was strong and could not cut rates in the near future.

3. FPI sales

Foreign portfolio investors (FPI) have been selling Indian equity on a large scale since October last year. From October, he got Rs. More than 2.8 lakh crore Indian shares were sold. FPIs are leaving the Indian stock market for several reasons, such as the expansion price of the Indian stock market, the growth of development, weak quarterly revenue, weakness of rupee, strong US dollars and increased bond benefits.

4. Trump tariff

The decisions of US President Donald Trump Tariff also have a serious negative impact on the Indian stock market. Stock markets around the world are concerned about the possibility of a business war between countries due to tariff policies.

5. Weak earnings

Indian corporations have reported a weak quarterly earnings in the last three quarters. With this, foreign investors are selling large. With slow earnings, the market is struggling to maintain increased values.

Reference: The above opinions and recommendations are individual analysts, experts, brokerage organizations, HT Telugu V is not. We recommend investors to consult a confirmed expert before taking any investment decision.