Snapping its two-day rally, in BSE Sensex on Thursday crashed over 461 points – its biggest single-day decline in three weeks – to crack below the 26000 mark after BOJ took investors by surprise by deciding against fresh stimulus and due to caution in view of April futures and options (F & O) expiry.
Depressed global cues following subdued Asian Stock markets added to the widespread sell-off. BOJ, whose meeting ended on Thursday, maintained status qua on interest rates. Earlier, the US Federal Reserve chose to keep its policy unchanged while signalling confidence in the economic outlook.
The border NSE Nifty went below the psychological 7900 mark. Investors remained cautious in the face of expiry of April series contracts in the derivatives segment, which dampened sentiment.
The index was dragged down by losses mainly in metal, crude oil & gas, FMCG, infrastructure and auto stocks.
Participants were seen offloading there long bets in F & O segment instead of carrying them forward to the next series for May.
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The Stock Market benchmark Sensex added to its Tuesday’s rally by gaining 57 points on Wednesday and the NSE Nifty pulled off a nearly 6-month closing high on increased buying in oil & gas and IT amid persistent foreign inflows and solid quarterly numbers so far.
The 50-share NSE Nifty rose 17.25 points, or 0.22 percent, to 7979.90 at the close its biggest closing since November 4, 2015
Moreover, covering-up of short positions ahead of tomorrow’s expiry of April series in the derivatives segment supported the upside.
Sentiment took on more sine after global crude rallied to this year’s high, backed up by a falling output and a weaker doller.
The US benchmark Brent crude oil surged 2.34 percent to 46.81 per barrel in global market.
The rupee, on a firmer ground against the dollar, also had a bearing on the market mood. Asia and Europe, however, traded lower as investors chose to remain cautious ahead of the outcome of the US Feral Reserve meeting later in the day. Focus is also on the Bank of Japan, which is set to meet on Thursday.
At one point, the 30-share BSE Sensex slipped below the 26000 mark.
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Monday after the stock market went up to the country’s Secretary of Agriculture predicted a good monsoon rapidly. Sensex racked up 348.32 to 25022.16. Revenue of 116.20 points, Nifty reached the level of 7671.40 points. March quarter financial results are scheduled to begin Tuesday. The background was a good buy stocks in the areas of information technology investors. So began a two-day break on the debris.
Investors were pleased that the government has predicted that such would be the average rainfall this year. Furthermore, the Reserve Bank had issued guidelines for priority sector loans rules about. It is easy to be allocated loan banks. Investors should also have a good performance by companies in the field of information technology (IT) in the March quarter. So there was good demand from investors, banks and IT stocks.
So the intraday trading in nifty, gold, silver, and other commodities gets affected these ups in sensex. To get more details about movement in share market visit to technical analysis chart software of easylivetrade.com.
- In the third month in a row material in the import-export trade gap was reduced.
- Changes in interest rates from the European Central Bank does not have any.
- Low-cost wholesale market in March, the decline was the 17th consecutive month.
- The increase in crude oil prices in Asia.
- Buying from foreign financial institutions.
Indian economy acquiescent figures, foreign financial institutions, the international market of instant positive environment to some extent also the sale to earn the profit which the index was approaching the close of the second week in a row, increased levels.
BSE was found in the state gained last week. Three days of four-day transactions in the market index closed at increased levels. The Bombay Stock Exchange Sensex Index had come during the week in the 26080 to 25634 point. At the end of the week it was closed 25838.14 point. Compared with the previous index closed 0.82 per cent growth in 2113, which is 9 points. National Stock Exchange index (Nifty) 4858 Share (0.62 per cent), 78 per cent of 99 to 30 points, was closed. The regional indices rose by 0.9 and 1.24 per cent respectively Midcap and Small cap 4.
Last week there was a positive market environment. Wholesale market prices in the country after last month or less. Despite the decline in the prices of pulses rose by some that the other, it is special. 17th consecutive month of decline in prices in the wholesale market besides, the country’s imports – exports is less variation in transactions. The reduction in imports and exports grow even to some extent in the balance of this transaction is that it tends to be seen in the foundation of the economy. This is also the work of foreign financial institutions continued to buy Indian stock market. Rs 2163.87 crore in the last week have bought these entities. This is helped by the growth in the market. International stock markets remained positive environment in the past week. European Central Bank announced a decision to no change in interest rates. This also led to a fall in the yield gap compared to the US dollar at the rate of the yen.This was the highest growth in Japan’s Nikkei Index in the months around the pilot vehicle.
As expected in the coming days, and reduction in interest rates by the Reserve Bank of India has found that increasingly shares in banks.
The next meeting of the US Federal Reserve is also in the week. Parliament session starting in April and is likely to be the future of this market is going to be making up the market turnover, thereon.
Stock Market goes down because profit Booking
Source: According to share market gold and silver investment increased more
According to share market, highest price returns in gold and silver in 2016 till now. In this year, gold rate increased by 16.18% as well as silver rate increased by 15.61%. At the same time 30 company’s sensex decreased 1.15%.
22494.61 is the lowest Sensex point in this year on 29th February. Now it is increased but according to 4th March 2015, Sensex is still less than 14%. At 4th March 2015 Sensex was 30,024.74 points. Because of weak stock market investors get attracted to gold and other commodities. Investors always preferred safety.
Share market got affected due to ups and downs in crude oil rate and china’s economical condition. Because of this year’s budget, there is little bit improvement in stock market this cause recovery of loss.
On 31st March 2015, rate of gold was Rs.25390 per 10 gr. Now it is Rs.29500. Also silver rate is increased from Rs. 33300 to Rs. 38500.