Stock Market's Unexpected Move; Read Today's Latest

by Psu Connect
Date: 21-12-23

With an unexpected change in the market scenario, the trending updates are seeking a negative start by the broader index as per the GIFT Nifty point of view with an unusual loss of 78 points or 0.37 percent.

Stock Market's Unexpected Move; Read Today's Latest

Within hours, unconventionally a steep fall was observed. Yesterday at the close, Sensex was down 930.88 points, or 1.30 percent, at 70,506.31 and nifty was down at 302.90 points, or 1.41 percent, at 21,150.20.

The respective market benchmark Sensex and Nifty indices are expected to open lower on December 21 i.e. today, as trends in the GIFT Nifty is purportedly indicating a negative start, unfortunately. As it can be seen from a recent situation the market went high with good enough luring points. within hours, unconventionally a steep fall was observed. Yesterday at the close, Sensex was down 930.88 points, or 1.30 percent, at 70,506.31 and nifty was down at 302.90 points, or 1.41 percent, at 21,150.20.

The utmost pioneer stock exchange has been expecting an immediate resistance at 21,470 followed by 21,589 and 21,783 levels. The circumstantial preview is suggesting a negative bias, with Nifty trading at 21,000. The worldwide investments are shattered by the crude hit a two-week high, apparently driven by geopolitical tensions in the Red Sea.

GLOBAL MARKET SCENE:

Asian stocks also fell after Wall street's snapping at long winning streak, The positive outlook was diminished by declining shares pricing amid global inflationary pressures.

Japan's Nikkie trading stock commenced with a downward trend, with 225 indexes low by 1.53 percent or 515.68 points to 33,160.29, with the broader Topix index falling to 1.06 percent or 24.88 points to 2,324.50. On focusing upon, the previous day's Wall Street, the Dow Jones Industrial Average dropped by 475.92 points[1.27 percent] to 37,082, the S&P 500 lost 70.02 points[1.47 percent] to 4,698.35, while the Nasdaq Composite declined by 225.28 points[1.5 percent] to 14,777.94.