There is chaos in the stock market, Sensex slips 2700 points, Nifty closed below 16250

There is chaos in the stock market, Sensex slips 2700 points, Nifty closed below 16250

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new Delhi. Ukraine and Russia The whole world is feeling the heat of stress at this time. Indian stock market weekly expiry has been badly affected due to weak global cues. There was a big decline in the stock market after 23 March 2020. At the end of trading, the Sensex, the main index of the Bombay Stock Exchange (BSE), lost 2702.15 points, or 4.72 per cent, to close at 54,529.91. On the other hand, the Nifty of the National Stock Exchange (NSE) fell 815.30 points, or 4.78 percent, to close at 16247.95.

Tata Motors, IndusInd Bank, UPL, Grasim Indusries and Adani Ports were the biggest losers of Nifty in Thursday’s trade. The BSE Mid and Smallcap index is down 5 per cent.

The market was closed in the red mark a trading day ago
Earlier on Wednesday, the Sensex closed at 57232.06 with a loss of 68.62 points. At the same time, NSE’s Nifty closed at 17063.25, down 28.95 points.

read this also- Russia Ukraine Crisis : Many commodities including Gold-Crude are expensive amid Russia’s attack on Ukraine’s capital Kiev

Moody’s raises GDP growth rate forecast to 9.5 percent
Let us inform that rating agency Moody’s Investors Service has increased India’s growth rate estimate to 9.5% per cent for the calendar year 2022. Moody’s had earlier given a growth rate estimate of 7 percent. The GDP growth forecast for 2023 has been retained at 5.5 per cent. Moody’s has said in its report that the Indian economy is recovering rapidly after the Corona epidemic and the second wave.

Also read- Russia Ukraine War: Investors lost Rs 10 lakh crore, 9 out of 10 shares bled

The riches of Russia were destroyed in the fire of war
It is worth noting that the Russia-Ukraine crisis has not only affected the markets, but the wealth of the rich has also been affected. The wealth of Russia’s rich has decreased by $ 32 billion this year. America, England and Germany have imposed sanctions on Russia after sending troops to eastern Ukraine. Russian rich and companies have also been targeted.

Tags: Nifty, Sensex, Share market, stock market

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