Reference News Network reported on March 18. According to the Indian Politburo website reported on March 15, the Sensex and Nifty Index on the Mumbai Stock Exchange fell for the first time in a single week after 4 weeks of rising.These two indexes fell about 2%this week, the largest single week in 20 weeks.Mumbai Stock Exchange
India Mumbai Stock Exchange Building (Reuters)
The Sensex index fell 0.62%on the same day at 72643.43 points.The Nifty 50 Index of the Indian Stock Exchange (NSE) fell 0.56%at 22023.35 points.
Mumbai Stock Exchange (BSE) mid -cap index also closed down 0.51%.However, the BSE small -cap stock index rose 0.25%.
On the weekly chart, the benchmark Sensex index fell 2.2%this week, and the Nifty index fell 2.1%.This is the largest single week since October 2023.BSE mid -term and small -cap stock indexes have fallen by about 4%and 6%this week, respectively.
From the perspective of the industry, the Nifty Metal Index and the Fast Consumer Products Index are flat when they close, and all other industry indexes have closed down.
The biggest decline was the oil and gas industry and the automobile industry, down 1.98%and 1.57%, respectively.The Nifty Bank index fell 0.42%.
As some fund companies announce the pressure test results, they are convinced that their investment portfolio can cope with the turbulent market environment.
In the global stock market, weakening is considered to be promoted by frustrating US economic data and Federal Reserve interest rate cuts.
Some reports show that the factory price index (PPI) of industrial producers in the United States exceeded expectations.At the same time, the number of applicants for and receive unemployment benefits is lower than expected.These factors weaken the reason for the Federal Reserve to cut interest rates.
Market participants will pay close attention to the monetary policy position that the Fed will set up next week.Most people predict that the Federal Reserve has unchanged interest rates and starts to cut interest rates from the end of June or July.(Compiled/Zhu Jie)
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