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Share Market Update: Today is proving to be Black Friday for the market, Sensex falls by 1000 points – News

Share Market Update: There is a big fall in the stock market. Mumbai Stock Exchange’s index Sensex has slipped 1,000 points due to heavy selling by investors, while the National Stock Exchange’s Nifty has fallen by about 300 points. BSE Sensex is currently trading at 54,249 points down by 1,071 points, while Nifty is trading at 16,195 points down by 283 points.

Banking IT stocks fall
Banking and IT sector stocks, which are witnessing the biggest sell-off, have a big hand in demolishing the stock market. In fact, if the fear of a fall in the economic growth rate of countries around the world is being expressed, then inflation is troubling. Concerns remain due to the war between Russia and Ukraine. Due to these reasons there is pressure on the market. Foreign investors are continuously selling in Indian markets. Due to this weakness is being seen in the rupee against the dollar.

Waiting for retail inflation data
On Monday, the Ministry of Statistics will release the data of retail inflation for the month of May, which will be monitored by the market. In April, the retail inflation rate was at 7.79 percent, which is the highest level in eight years.

US inflation data will be announced
US investors are waiting for US CPI data. It is believed that due to rising inflation there, the Federal Reserve can take a decision to increase interest rates. Due to this there is weakness in the market.

Investors lost 4 lakh crores
Investors have suffered huge losses due to the fall in the stock market. The market cap of shares listed on BSE has come down by about Rs 4 lakh crore to Rs 251.72 lakh crore.

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