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    Today Nifty gateway: News for stock market

    Vishal98shawBy Vishal98shawFebruary 24, 2022Updated:May 4, 2022No Comments4 Mins Read
    Nifty gateway
    Nifty gateway

    War spies from Russia and Ukraine D-Street: The Sensex is down 2,700 points, and the Nifty 50 and nifty gateway are down 500 points.
    On Thursday, the domestic stock market was Asia’s worst performer, with seven straight sessions of losses, the longest losing streak since March 2020.

    Nifty gateway
    Nifty gateway

    Table of Contents

    • News for stock market
        • Sensex today & Nifty fifties Today
      • International Oil Prices, Inflation
          • Stocks in Focus
    • U.S. Stock Market
    • Nifty Gateway

    News for stock market

    After Russia’s invasion of Ukraine sent oil prices soaring and fanned inflation fears, the stock market plummeted over 4% and the rupee had its worst session in more than ten months on Thursday.

    The blue-chip NSE Nifty 50 index fell 4.78 percent to 16,247.95, while the S&P BSE Sensex fell 4.72 percent to 54,529.91, with heavy losses across sectors. Both indexes had their worst day since the pandemic roiled markets in May 2020.

    Sensex today & Nifty fifties Today

    According to Reuters, the domestic stock market was the worst performer in Asia on Thursday, with seven straight sessions of losses, its worst losing streak since March 2020.

    In comparison to Wednesday’s close of 74.555, the rupee fell 1.5 percent to 75.65 against the dollar.

    International Oil Prices, Inflation

    According to a Reuters report, “the looming risk of this (Ukraine) crisis is no longer there; it is a reality today.” Aishvarya Dadheech, a fund manager at Ambit Asset Management, added that a rise in commodity prices and inflation could negatively impact the country.

    “High crude prices could delay the cooling of inflation, which was expected to moderate by the second half of 2022,” said Naveen Kulkarni, chief investment officer at Axis Securities, who also predicted that volatility would persist for a while.

    For the first time since 2014, oil prices surpassed $100 per barrel, raising fears of higher inflation and a wider current account deficit in the world’s third-largest oil importer.

    Stocks in Focus

    The Nifty’s volatility index, which measures how much volatility traders expect in the Nifty 50 over the next 30 days, reached its highest level since mid-March 2020.

    The Nifty public-sector bank index is a measure of the performance of public-sector banks.

    NIFTY PSU lost the most ground among the sub-indices, falling 8.3%.

    Tata Motors TAMO.NS was the worst performer on the Nifty 50, falling 10.3%.

    Top Indian pharmaceutical companies such as Dr. Reddy’s Laboratories REDY.NS and Sun Pharma SUN.NS, both of which have significant business exposure in Russia and Europe, fell by 2.6% each.

    U.S. Stock Market

    New York City — After Russia’s invasion of Ukraine threatened to push the already high inflation squeezing the global economy even higher, markets shuddered Thursday and then swung wildly.

    Stocks initially fell as oil, wheat, and other commodities prices soared amid fears that the conflict would disrupt global supplies. However, as the day progressed, the moves slowed, particularly after President Joe Biden stated that he wanted to minimize economic pain for Americans and announced new sanctions that were less severe than some had predicted.

    Oil prices briefly jumped above $100 per barrel on both sides of the Atlantic, reaching their highest levels since 2014. However, after Biden stated that the sanctions package is “specifically designed to allow energy payments to continue,” they gave up much of their gains. While he described the sanctions as “severe,” Ukrainian officials urged the US and the rest of the world to go even further and cut Russia off from the SWIFT financial messaging system.

    Many investors also claimed that previous global events, such as invasions, only had a short-term impact on markets, lasting a few weeks or months.

    Nifty Gateway

    Stocks that benefit the most from low-interest rates led the way for indexes to pare their losses throughout the day as expectations for a larger-than-usual increase in rates next month fell. As a result, big tech stocks like Amazon, Microsoft, and Nvidia all saw gains of 4.5 percent or more.

    The Nasdaq composite rose 436.10 points to 13,473.59, from a 3.4 percent loss in the morning to a 3.3 percent gain by the end of the day.

    It was a remarkable turnaround after the Nasdaq was on track to close 20% below its record high for the first time since the coronavirus brought the economy to its knees in 2020. For weeks, high-growth and tech stocks had been battered by expectations of higher interest rates.

    “In terms of prices, we’re seeing some attempts at bottom-fishing,” Haworth said. Although such a “buy-the-dip” mentality has proven profitable in the past, he believes it is still “a little early.” “All we have ahead of us is a lot of uncertainty.”

    Also Read: Union Budget 2022:What gets cheaper and what gets more expensive?

    The weather report today

    News for stock market nifty nifty 50 Nifty fifties Nifty gateway ock Market sensex stock martket today
    Vishal98shaw
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