Share Market Fall: Share markets fell for the fourth consecutive day, Sensex fell by 329 points, know the reason.

Share Market Fall: The stock markets fell for the fourth consecutive trading session on Wednesday and the BSE Sensex closed down by 329 points. Investors refrained from taking risks before the announcement of the decision on monetary policy of the US Federal Reserve. The stock markets were also adversely affected by the rupee’s fall to a 20-month low against the US dollar and continued selling by foreign institutional investors.

These stocks made the most profit and loss
The 30-share Sensex closed at 57,788.03 points, down 329.06 points, or 0.57 per cent. Similarly, the Nifty of the National Stock Exchange lost 103.50 points, or 0.60 percent, to close at 17,221.40. Bajaj Finance was the biggest loser with a fall of 3.10 percent in the Sensex shares. Apart from this, shares of Bajaj Finserv, ITC, TCS, Titan, HCL Tech and HDFC were also losses. On the other hand in profit making stocks…

Why did the stock market fall? Vinod Nair, Head of Research, Geojit Financial Services, said, “Domestic markets came down on fears that the Federal Reserve will end its accommodative policy stance and tighten it. There is a possibility that the US central bank may signal a sharp end to the bond buying program and a policy rate hike in 2022 amid inflationary pressures.

Religare Broking Vice President (Research) Ajit Mishra said that all eyes are on the US Federal Reserve meeting to be held on Wednesday. He said, “Most analysts expect the committee to maintain the policy rate in view of the challenges posed by the novel coronavirus form Omicron. The statement on bond purchase programme, inflation and growth will be important.”