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Share Market Opening: Today is the second consecutive day of this week when such stability is being seen in the stock market. Sensex started trading at 60,434 with a gain of 2 points, while Nifty is trading at 18,661 with a fall of 27 points. Yesterday, on the first day of the week, the Indian market had a weak start and after trading volatile throughout the day, the BSE Sensex lost 250.86 points to close at 60,431.84 points. Weakness dominated the NSE Nifty as well. The Nifty 50 closed 85.60 points down at 17,770.90. The fall in the Indian stock market got wind from the global market. Let me tell you, the past week was also very bad for the Indian stock market. Due to beating of Adani group companies, strong selling by foreign investors and RBI’s policy, the mood of the stock market continued to deteriorate throughout the week. In such a situation, let us know in three points that in which direction the market is going to be today. How much selling will be seen in the world market today.
Flat start of share market today
- Asia-Pacific shares are set to trade higher as investors await the release of the US Consumer Price Index report, which will shape the path ahead for the Federal Reserve. In Australia, the S&P/ASX 200 rose 0.52 percent in its first hour of trading. The Nikkei 225 rose 0.86 percent and the Topix rose 0.9 percent. South Korea’s Kospi started the day up 1 per cent, while the Kosdaq also gained 0.78 per cent.
- Domestic market benchmarks Sensex and Nifty ended lower for the second consecutive session on February 13 as investors’ risk appetite remained low amid rising inflation and concerns over global economic slowdown. Even today something similar can be seen, because Adani’s stock in India has influenced the market a lot.
- Crude oil prices recovered from early losses on Monday as Russia’s plans to cut production and US inflation data this week weighed on short-term demand concerns. Brent futures for April delivery rose 22 cents, or 0.3 percent, to $86.61 a barrel, while US crude rose 42 cents, or 0.5 percent, to $80.14 a barrel.
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