Share Market Investment: These shares became Top Gainers and Losers, why is the market falling, is this the reason…
Share Market Investment: Selling pressure continues in the stock market on Wednesday also. However, even before the Fed meeting, there was a big fall in the Indian markets on Tuesday, hence the market is trading at a lower level on Wednesday.
The stock market is again witnessing a decline today i.e. on Wednesday (18th December). Sensex is trading at 80 thousand 395.24 with a fall of about 289.21 (-0.36%). There is almost a decline in Nifty also. Trading at 24,250.35 with a decline of 85.65 (-0.35%) points.
FIIs are increasing the decline in Indian markets. In this falling market, investors are coming towards the pharma sector. Good buying is being seen in pharma. Largecap pharma stocks like Dr Reddy's, Sun Pharma, Cipla are seen among the top gainers from the Nifty 50 pack, while Shriram Finance and Eicher Motors are the other top gainers from the Nifty 50.
The top losers of the day from Nifty 50 index are counters like Tata Motors, Power Grid, L&T, NTPC. The IT index is flat to positive, while there is selling pressure in the banking index.
There has been a continuous decline in the market since the beginning of this week, due to which the market trend is declining. Market conditions have weakened in the short term as FIIs have sold during bullish times.
FIIs have made a huge sale of Rs 6,410 crore in the cash market on Tuesday, which shows that there will be selling when the market picks up. (Share Market Investment)
The main reason for FII selling in India is America's better performance and India's poor performance. The S&P 500 has gained 27.5 percent year-to-date, while the Nifty has gained only 12 percent year-to-date.
Given the strength of the US economy and the weakness of the Indian economy, it is feared that this large difference in relative performance may continue.
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