Stock Markets crash: Indian stock markets were also shaken by the news of the explosions after the explosions at Europe’s largest nuclear plant in Ukraine due to the attack of Russian forces. On Friday, March 4, there was a strong fall in the stock market due to the concerns of a major disaster.
According to Ukraine’s Foreign Minister Dmitro Kuleba, if an accident occurs at this plant, it could be 10 times bigger than the Chernobyl disaster.
According to Britain’s National Institute for Economic and Social Research, due to this ongoing war in Ukraine, the world’s GDP (GDP) may decrease by about 1 percent by 2023 and global inflation may increase by 3 percent this year.
According to Motilal Oswal, the market is expected to continue to decline in the near future due to increasing Russia-Ukraine conflict and rising crude and commodity prices. The volatility is likely to continue during the next two weeks due to the results of the state assembly elections and the US Fed meeting.
In this fall due to Ukraine-Russia Crisis, Axis Security gave buying advice in these big and small-medium stocks
Investors will wait for the US job data to come today. Job data is expected to remain good due to low jobless claims and strong ADP print.
The Sensex touched the low of the day with a fall of nearly 1,200 points around 11.00 pm, but the market made a strong comeback in the next 3 hours. At around 2 pm, the Sensex is down 140 points at 54,963 and the Nifty is down 63 points around 16,430.
These are the main 4 reasons for selling in the market today:
Fire at nuclear plant: According to reports, the reactor caught fire after Russian forces attacked the power plant in the city of Enerhodar in southern Ukraine. A government official told The Associated Press (AP) that radiation levels at a nuclear power plant have been found to be elevated in the area around the Zaporizhia Nuclear Plant. About 25 percent of the country’s electricity is produced in this plant. Meanwhile, the statement of Ukrainian Foreign Minister Dmytro Kuleba has come to the fore.
This share of Rakesh Jhunjhunwala fell 30% this year, investors should invest money or exit by selling
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “The entire economic scenario has changed due to rust and crude inflation. If the fight continues, global growth will be affected. In India, both the government and the RBI had estimated crude prices at $75. Therefore, there will have to be a significant change in the budget and monetary policy estimates. Even if crude prices come down and remain at around $100, inflation in FY23 will be much higher than RBI’s estimates. The MPC will be forced to raise rates and this will have an impact on the economic recovery.
French President Macron: French President Emmanuel Macron said that the “worst time” is yet to come for Ukraine. He expressed this apprehension after a 90-minute phone conversation with Russian President Vladimir Putin. An aide of the French leader said this reflected Putin’s intention to take the country outright. “The president suspects after talks with Putin that worse is yet to come,” he said. “President Putin didn’t say anything to us that should reassure us,” he said. He has shown determination to continue with the operation.
War tensions between Russia and Ukraine dominate the market, know which range writers are watching for the next week
trade deficit: The merchandise trade deficit widened to $21.2 billion in January, as against $17.9 billion in January. This was mainly due to an increase in major imports due to oil imports and the economy recovering from the third wave. The growth in exports has been good, but it has not been able to compensate for the increase in imports. In its report, Nomura Research said, “Ukraine tensions have pushed up oil and commodity prices, which could lead to an increase in import bills in the coming months.” The brokerage firm expects the current account deficit to rise to 2.6 per cent of GDP in FY23 from 1.7 per cent of DGP in FY23.
FMCG sector slowdown: NielsenIQ said in its quarterly FMCG update that sales of India’s FMCG goods in urban markets have shown a slowdown and last year there was a decline in the rural market, mainly due to inflation. During the quarter ended December, consumption in the rural market declined by 4.8 per cent, while the urban market declined by 0.8 per cent. Overall, the decline was 2.6 per cent on account of inflationary pressures and other macroeconomic factors.
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