Today, i.e. on January 13, the stock market fell for the fourth consecutive trading day. The Sensex closed at 76,330 with a fall of 1048 points (1.36%). The Nifty also fell by 345 points (1.47%) and closed at 23,085.BSE Smallcap fell 2,126 points (4.03%) to close at 50,596.
Out of the 30 Sensex stocks, 26 fell and only 4 rose. Out of the 50 Nifty stocks, 46 fell and only 4 rose. Among the NSE sectoral indices, Nifty Realty fell the most by 6.47%, Nifty Media by 4.54% and Nifty Metal by 3.77%.
Reasons for the fall in the market
The US job data released last Friday has created an atmosphere of fear in the global market. The US unemployment rate fell to 4.1% in December, while job growth remained strong. In such a situation, there is a fear that the Federal Reserve may stop cutting rates. This is likely to increase pressure on emerging markets like India.
Foreign portfolio investors are continuously selling in the Indian market. In December, they sold shares worth Rs 16,982 crore. In January, FPIs have so far sold shares worth more than Rs 21,350 crore. On January 10, foreign investors (FIIs) sold shares worth Rs 2,254 crore.
The market is under pressure due to the fall in the Indian rupee. It reached an all-time low of Rs 86.27 against the US dollar in early trade on Monday. The domestic currency came under pressure due to the strengthening of the dollar, encouraged by the rise in US bond yields and strong employment data.
Global market decline
- In the Asian market, Japan’s Nikkei is closed today. Korea’s Kospi closed with a decline of 1.04% today. China’s Shanghai Composite Index also closed with a decline of 0.25%.
- On January 10, America’s Dow Jones closed down 1.63% at 41,938. The S&P 500 index fell 1.54% to 5,827 while the Nasdaq index fell 1.63% to 19,161.
- According to NSE data, on January 10, foreign investors (FIIs) sold shares worth Rs 2,254.68 crore. During this period, domestic investors (DIIs) bought shares worth Rs 3,961.92 crore.
The stock market fell 1845 points last week
On the last trading day of the week i.e. Friday (January 10), the Sensex fell 241 points to close at 77,378. Nifty also fell 95 points and closed at 23,431. BSE Smallcap closed at 52,722 with a fall of 1298 points.
Out of the 30 Sensex stocks, 22 fell and 8 rose. Out of the 50 Nifty stocks, 36 fell and 14 rose. While one stock closed without any change. In the NSE sectoral index, the IT sector fell by 3.44%. Apart from this, all sectors closed with a decline. The media sector fell the most by 3.59%. At the same time, the stock market has fallen by 1845 points after a week’s trading.
