Stock Market Update: In line with the general market trend and pessimistic attitudes, the domestic stock market began Thursday with a sharp decline. Earlier today, the stock market experienced a significant decrease following a record high in the trading session. The 30-point Sensex fell by 826.54 points to open at 58,710.53 at the beginning of the trading session. The 50-point Nifty also had a significant drop, falling 274 points to start the day at 17,485.70.
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Market falling due to recession
On the other side, the worldwide market is showing a downward tendency. The US stock market declined for the fourth day in a row. The Dow Jones has lost roughly 600 points during the past two days, while the Nasdaq has lost 1.5 percent. The worldwide market is experiencing a downturn as a result of the sound of recession and growing inflation. Bond yields in Japan are at an all-time high. The European stock markets are down 1%.
Stocks rose on Tuesday to a record high
The stock market finished with a big surge earlier on Tuesday. A rise of 1,564 points was recorded by the 30-share Sensex at the close of the trading session. It has now been more than three months since the Sensex increased so much in one day. The 30-share Sensex finished the day up 1,564.45 points, at 59,537.07. The National Stock Exchange’s Nifty also increased, rising 446.40 points to settle at 17,759.30.