new Delhi. The sell-off in the stock market may also dominate on Thursday. The decline in the global market on Wednesday and the indications from the Asian markets that opened this morning are showing that the market may still close on the red mark today.
In fact, on Wednesday, the BSE Sensex closed down 145 points at 57,997, while the Nifty fell 30 points to 17,322. This fall was due to the withdrawal of huge capital from the Indian stock market by foreign investors. Experts are telling that even today investors need to step into the market with gusto, because some of the factors given below can spoil their mathematics.
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Global market on red mark
The stock market of America, Europe saw a fall on Wednesday. On February 16, the US stock exchange NASDAQ saw a fall of 0.11 percent, while the Paris stock exchange CAC closed at 00.21 down. The London stock exchange FTSE lost 0.07 per cent and Germany’s exchange DAX lost 0.21 per cent.
Asian markets mixed trend
A mixed trend is seen in the Asian markets that opened on the morning of February 17. Singapore’s exchange was trading at a gain of 0.29 percent, while Japan’s Nikkei was at a loss of 0.41 percent. Apart from this, an increase of more than 1 percent was also visible in the Cospi of South Korea. Talking about a day ago, big exchanges like China and Hong Kong were closed on the green mark.
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Foreign investors continued selling
The process of withdrawing capital from the Indian stock market on behalf of Foreign Institutional Investors (FIIs) is continuing. However, domestic investors are pouring all their might. On Wednesday, FIIs pulled out Rs 1,890.96 from the market by selling shares. During this, domestic investors bought shares worth 1,180.14 crores. However, the market closed on the red mark due to the high number of withdrawals.
Tags: BSE Sensex, Nifty, Share market
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