Due to the rise in inflation in America; Effect can also be seen in the Indian stock market
Due to the rise in inflation in the US, there was a big decline in the US market yesterday, ie yesterday, the effect of which can also be seen in the Indian stock market today. According to media reports, the biggest decline was seen in the US market yesterday in the last two years.
The Consumer Price Index (CPI) data was released in the US yesterday amid reports of a global economic slowdown. According to the data, the inflation rate in August was recorded at 6.3%, which was 5.9% in July. Due to this, there was a big decline in the US market Dow Jones, Nasdaq and S&P. America's Dow Jones closed at 31,104.97, down 1276 points, or 3.94%, yesterday. On the other hand, the S&P 500 saw a decline of 4.32%, closing at 3,932.69. Apart from this, Nasdaq lost 632.84 points or 5.16%. According to media reports, this was the biggest drop in a single day in all three major indexes after 2020.
Tomorrow the effect of the fall of the US market can be felt in the Indian market along with all the Asian markets today, due to which there can be a big fall in the Indian stock market as well. In fact, along with the Asian market, the Indian stock market also follows the American stock market to a great extent, due to which the movement in the American stock market also affects the Indian stock market.
In the trading of the Indian stock market yesterday, the BSE Sensex closed at 60,566 points with a gain of 451 points. On the other hand, the Nifty of the National Stock Exchange closed at 18,070 points with a gain of 130 points. However, today many market experts are anticipating a big fall.
Due to the decline in the US market, its effect is being seen in almost all Asian markets today. Today the weakness of Singapore's SGX Nifty 1.58% is being seen. While Japan's Nikkei at 2.09%, Hong Kong's Hang Seng at 0.18%, and Korea's Kospi at 1.7% are seeing a decline. Along with this, there is also a decline in the pre-opening of the Indian stock market.