Indian stock markets opened with a fall on Thursday due to instability in the global market. There have been fluctuations in the market for the past few days. But at 9:15 am on July 18, the Sensex opened with a drop of 202.30 points to 80,514.25. The Nifty 50 index also fell by 69.20 points and opened at 24,543.80. However, recovery is visible in the market for some time now. The Trump-Biden fight and the US elections are also considered to be the main reasons behind the market fall. It is believed that the Indian stock market is panicking due to the fight between the two.
In reality, global markets are in a recession. At the same time, the Indian stock market’s performance was mixed today, with declines seen in many sectors. There were not many signals from the global market today, while there was not much buying enthusiasm in the domestic market either. Due to this effect, the stock market’s opening has weakened and it is opening in the red.
This is the big reason
An important factor influencing global markets is the US presidential election in November. Polls indicate that Trump’s chances of re-election are increasing. If Trump is re-elected, it would mean more tariffs on imported goods, especially from China. In addition, Trump supports the devaluation of the dollar. The devaluation of the dollar has already begun, the dollar index currently stands at 103.68. This means that gold prices are likely to rise. The positive aspect from the Indian stock market perspective is that the expectation of a weaker dollar will increase foreign portfolio capital inflows, thereby increasing market resilience.
impact of American unrest
The stock market is witnessing a fall due to the US elections and the Trump-Biden tussle. The total market capitalisation of the shares of all the companies listed on the BSE has risen to Rs 451.02 lakh crore. In US dollar terms, it has become worth $5.40 trillion. Currently, 3,240 stocks are being traded on the BSE, while 1,014 stocks are witnessing a rise.
The number of falling stocks is 2098 and 128 stocks are trading flat. The 52-week high level is seen in 128 stocks while 14 stocks are at the lowest price. The upper circuit is seen in 96 stocks and the lower circuit in 92 stocks.
