The Indian stock market fell again for the tenth day in a row because of worries from around the world. The USA put a 25% tax on products coming from Canada and Mexico, and they also added a 20% tax on goods from China. Analysts say that without strong support from our own economy, the Indian stock market might stay sluggish.
On Monday, the market didn’t change much. Investors were worried about foreign investors selling their shares, the new taxes from the U.S., and ongoing conflicts between Russia and Ukraine. They think the market could stay the same or drop more because of mixed signals from other countries and not much local news to boost confidence.
Looking ahead, experts believe that even if the market opens lower, some resilience shown by Nifty 50 stocks might bring some hope for a bounce back. If the market rises above 22,142 points, it might push up further. However, if it does not, it may continue to fall, with strong support at 21,851 and deep support at 20,900.
India VIX: This is a way to measure fear in the markets and it increased by 0.5%, reaching a level of 13.83.
Stocks to Watch: Today, “Manappuram” is under special watch as it has hit a limit on trading.
Buying Trends: Foreign investors sold shares worth ₹3,406 crore on Tuesday, while domestic investors bought shares worth ₹4,851 crore.
Currency Update: The Indian rupee improved a bit, gaining 13 paise to settle at 87.19 against the US dollar due to a weaker U.S. dollar and lower oil prices.
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