After a prolonged period of growth in the stock market, signs of slowdown may appear. On Wednesday, investors received negative signals from foreign markets. A significant decline is observed on several Asian exchanges, from Japan to South Korea, and Gift Nifty, which is a key indicator for Sensex and Nifty, shows a sharp fall.
In the previous trading day, Tuesday, the market demonstrated strong growth, allowing investors to earn 3.61 lakh crore rupees. The BSE Sensex index closed at 73,067 points, showing a rise of 685 points, while the NSE Nifty index finished trading at 22,776 points, increasing by 220 points.
On Tuesday, several large stocks rose significantly. Among them were Trent Share (up 12.78%), Kotak Bank Share (up 3.59%), HUL Share (up 2.83%), Reliance Share (up 2.77%), IndiGo Share (up 2.23%), and Eternal Share (up 2.08%).
On Wednesday, the Indian stock market is receiving negative signals due to the situation in global markets. The Nikkei index of Japan is trading with a fall of more than 700 points, and the Hang Seng of Hong Kong is declining by more than 150 points. Additionally, there is a downturn in South Korea's main index, KOSPI.
While many Asian markets signal a decline, Gift Nifty, considered a crucial indicator for BSE Sensex and NSE Nifty, shows a sharp drop and gives a red signal. By the time of publication, Gifty Nifty had fallen by more than 100 points.
The Indian stock market may be influenced not only by turbulence in Asian markets but also by the decision made by the Reserve Bank of India (RBI). Today, the results of the RBI MPC meeting are expected, after which Governor Sanjay Malhotra will announce the repo rate decision at 10 am, which will impact the market.