Stock Market Live Today: Key reasons why markets are falling

 

Stock Market Live Today at 12.45 pm: Indian stock market indexes opened lower on Tuesday following negative cues from US and Asian markets. Nifty today opened at 18340.30 levels down by 80.15 points while Sensex made a negative opening of 197.34 points at 61608.85 levels. Indian markets extended their losses in the afternoon session due to weak global cues.

The fear of recession in the US and the surge in Covid cases in China hit the market sentiments today. Investors continue to fret over the Fed’s hawkish stance in last week’s policy meeting and are worried that further monetary policy tightening could push the world’s largest economy into recession in 2023.

China’s dramatic surge in Covid cases after the loosening of the pandemic restriction has become a global concern now. Asian stock market indexes are trading in a deep cut due to a growing concern about possible deaths, virus mutations, and the impact, again, on the economy. 

 

Stock Market Live Today

 

The Indian stock market indices, Sensex and Nifty are trading lower by 0.75 percent and 0.78 percent respectively. The Bank Nifty is down by 0.64 percent at 12.45 pm IST. The broader markets are also trading lower in line with their larger peers, as Nifty midcap and smallcap indexes are trading lower by 0.74 percent and 0.69 respectively at this time.

Among the sectors, all sectoral indices in NSE are trading in the red. The sectors that are dragging down the markets are Realty, PSU Bank, and Auto. Adani Enterprise and TCS are the top gainers at this moment while Eicher Motors, Hindalco, and UPL are the top losers at 12.45 pm IST

 

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Editor’s Desk