new Delhi. The shadow of expensive crude oil has started hovering once again on the Indian stock market. In the global market, crude prices have crossed $ 120 per barrel again, after which the market is under pressure.
The Sensex and Nifty had started trading on Wednesday with a gain of more than 200 points, but in the end, the Sensex fell 300 points to close at 57,685, while the Nifty came down to 17,246 with a loss of 70 points. Experts predict that even today the market can be dominated by selling and investors should be very cautious and bet. Many factors will show their effect in trading today.
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US and European markets
The stock markets of America and Europe have shown a mixed trend. While America’s Nasdaq has gained 1.95 percent, Europe’s Germany Stock Exchange is seeing a decline of 0.26 percent. Apart from this, the French stock market also showed a loss of 0.22 percent, but there has been a rise of 0.21 percent on the London exchange.
Crude 5 dollars more expensive if exports from Russia decrease
Brent crude has once again gained momentum. Brent crude rose 4.5 percent to $ 120.64 per barrel in the global market after oil exports from Russia-Kazakhstan’s pipeline were disrupted. US oil WTI has also climbed 4.4 per cent to $114.10 per barrel.
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Foreign investors are kind but Indians break their hearts
After a long time, the confidence of Foreign Institutional Investors (FIIs) in the stock market seems to be returning and they are buying continuously. However, at this time domestic investors have kept selling. On Wednesday too, while foreign investors bought shares worth Rs 481.33 crore, domestic investors booked profits by selling shares worth Rs 294.23 crore.
Tags: BSE Sensex, Nifty50, Share market
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