new Delhi. The Indian stock market will remain under the pressure of the global factor on Friday as well. Experts believe that today the market can start with a sell-off and with a big fall, the Sensex can go below 54 thousand.
Sensex and Nifty made a sharp start in the opening session on Thursday but later closed at a loss. Sensex fell 366 points to reach 55,103 while Nifty slipped 108 points to close at 16,498. Experts believe that even today profit-booking will dominate the market and investors will enter the market with negative sentiments under the pressure of global factors. There are many such factors which are going to decide the direction of the market today.
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US and European markets fall
America’s major stock market Nasdaq closed down 1.56 percent on Thursday under the pressure of expensive crude oil. Similarly, in European markets, 2.16 percent of Germany Stock Exchange, 1.84 percent of France and 2.57 percent of Britain closed down. This fall in America and Europe will also have an impact on Asian markets today.
Asian markets open at a loss
All the major markets of Asia have started trading with a big fall on Friday. Singapore’s SGX Nifty is trading 2.33 percent and Japan’s NIKKEI is trading with a loss of 2.55 percent. Similarly, there is a big decline of 0.88 percent on Taiwan’s stock exchange and 1.41 percent on South Korea’s Kospi.
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Bumper withdrawal of foreign investors increased pressure
Foreign institutional investors (FIIs) have further increased the process of withdrawal from the Indian capital market. On Thursday, FIIs made the biggest withdrawal of the month and sold shares worth Rs 6,644.65 crore. However, domestic investors saved the market from a major fall by buying shares worth Rs 4,799.24 crore. Its pressure will be visible on the market today, due to which a big fall can be seen in the opening session itself.
Tags: Sensex, Share market
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