Market Update: Today on Wednesday also there was volatility in the market. The open markets closed with a decline in the evening with strength in the morning. Today the Sensex closed at the level of 57232.06 with a weakness of 68.62 points. At the same time, Nifty closed at 17063.25, down 28.95 points. Nifty slipped to the downside after touching the level of 17,200 in the afternoon. Then this decline went straight to the red mark and closed.
Nifty has closed on a decline for the sixth consecutive day. Auto, capital goods stocks are top losers in today’s business. On the other hand, midcap, smallcap stocks managed to close on the edge. The market started with an increase today. At 09:16, the Sensex was trading at 57,632.94 with a gain of 332.26 points or 0.58 per cent. On the other hand, Nifty was seen at the level of 17192.55 with a gain of 100.35 points or 0.59 percent.
Huge volatility due to global reasons
According to the market expert of CNBC Awaaz, it is difficult to predict the volatility in the market due to the crisis in Russia and Ukraine. How the position taken on Nifty will show tomorrow depends on the new development of Ukraine crisis. At present, according to the new update, Russia has agreed for diplomatic talks, such news is coming in the market. If the talks yield positive results, then Indian markets can see a boom.
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But at present there is some update on Ukraine crisis in the morning and some more update comes in the evening so today’s position is taken due to global crisis and trends it becomes difficult to predict what will happen to this position tomorrow.
Inflation will prove to be the biggest market mover of the year 2022.
Inflation will show its greatest impact on the global market in 2022, according to an annual survey of institutional trading clients published by JPMorgan on Wednesday. Liquidity has emerged as the top daily trading challenge in the sixth consecutive edition of this annual survey. In this survey conducted at the end of November 2021, about 48 percent of 718 institutional trading clients said that inflation will prove to be the biggest market mover of the year 2022.
Fear of hike in interest rates dominates the market
Let us tell you that in this survey of last year, the corona epidemic had emerged as the biggest market mover. In the last one year, the fear of hike in interest rates has dominated the market and now the prediction is weakening that inflation is a temporary situation and it will end on its own. All the countries of the world are troubled by rising inflation at this time.
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