Fear means Bear: A photo of Putin has been viral in social media for the last few days. In it, he is seen coming sitting on the bear. This is what happened in the market scared of war and the beer market dominated the decline. An expert said that Fear means Bear means bear market (fall) in the stock market and on the same lines, the market saw a decline of more than 3 percent last week.
The market witnessed extreme volatility last week amid uncertainty over a war-like situation. The biggest one-day fall was recorded on Thursday since Russia invaded Ukraine. However, the next day a strong recovery was also seen in the market.
Also read- War means loss only, India will also suffer a loss of one lakh crores, domestic inflation is also likely to increase
In the week ended February 25, the BSE Sensex lost 1,974.45 points, or 3.41 per cent, to end at 55,858.52. On the other hand, Nifty closed at 16,658.40, down 617.9 points, or 3.57 percent.
where was the big ups and downs
Last week, tata Teleservices (Maharashtra), Aegis Logistics, Urja Global, Sadbhav Infrastructure Projects, Soril Infra Resources, Olectra Greentech, Indiabulls Housing Finance, Syncom saw a major decline of 10-22 percent. On the other hand, Salasar Techno Engineering, Orient Bell, Garware Hi-Tech Films, Federal-Mogul Goetze and Vadilal Industries saw gains of 10-18 per cent.
Also read- LIC News Update: Cabinet approves up to 20% foreign investment in LIC under automatic route
Rupee also broke
If we look at different sectors, all the sectors were closed in the red mark last week. The Nifty Media index was down 7.6 per cent. At the same time, the PSU Bank index was broken by 5.7 percent and the Auto index by 4.6 percent. Last week, the Indian rupee on a weekly basis lost 63 paise to close at 75.29, while on February 18, the rupee closed at 74.66 against the dollar.
Foreign institutional investors also sold again in the week ended February 25. His sell-off for the last five months continued this week as well, in the financial year 2022, foreign investors have sold shares worth about 2.25 lakh crore rupees. Last week, the domestic market sold Rs 19,843.52 crore while domestic institutional investors bought Rs 21,511.79 crore. So far in the month of February, FIIs have sold a total of Rs 41,771.60 crore while DII has sold Rs 37,941.25 crore.
Tags: Share market, Stock Markets, stock return, Stock tips, Stocks
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