There is news of relief for stock market investors. After a big fall on Monday, the stock market has returned to a tremendous recovery today. In early trade, the BSE Sensex jumped 963.48 points to open at 79,722.88 points. Similarly, the NSE Nifty has reached 24,350.60 points with a gain of 295.00 points. Talking about stocks, Tata Motors, Mahindra, Tata Steel are registering tremendous growth. At the same time, Hindustan Unilever is the only stock falling. Market experts say that today the market has definitely returned to growth, but investors need to take a cautious approach. There is instability in the global market. Its effect can be seen on markets around the world. In such a situation, taking a hasty decision will be harmful. Yes, this is a good opportunity to invest in the long term. You can invest a little money in the stocks of good companies. Mutual fund investors can get good returns by starting a new SIP.
The mood got spoiled due to the sound of recession in America
Let us tell you that on Monday, there was a big decline in the stock markets around the world due to the fear of recession in America. The BSE Sensex plunged by more than 2,200 points. At the same time, the National Stock Exchange’s Nifty also fell by a huge 662 points. There was an all-round sell-off in bank, IT, metal and oil and gas stocks. This was the biggest one-day decline in Sensex and Nifty after June 4. On that day, the market fell by more than five percent after the results of the general elections. The market capitalization of companies listed on the BSE fell to Rs 441.84 lakh crore on Monday. Investors lost more than Rs 19 lakh crore in two days.
The mood of the market was spoiled because
Vinod Nair, Head of Research, Geojit Financial Services, said, global markets fell sharply with investors turning cautious over the apprehensions of recession due to disappointing employment figures in the US and the sharp rise in the Yen exchange rate stopping the ‘carry trade’ i.e. borrowing at a cheaper rate and investing in assets of other countries. According to stock market data, foreign institutional investors sold shares worth about Rs 10 thousand crore on Monday.
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