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Mumabai:America’s Silicon Valley Bank and Signature Bank Crisis have the biggest impact. Despite the intervention of American regulators, the market sentiment has deteriorated due to which this decline is being seen. If the American markets are falling, then its effect is also being seen on the stock markets around the world. Domestic stock markets continued to fall for the third consecutive day on Monday and the BSE Sensex fell nearly 2100 points in the last three days to close at a five-month low.
There has been a slight decline in the retail inflation rate in India in the month of February and it has come down to 6.44 percent, but it is still more than the tolerance band of RBI 6 percent. After which the market is afraid of making loans expensive by RBI. So, on March 22, the US Federal Reserve may also make loans costlier, due to which there is fear among investors.
Of the 30 Sensex scrips, 29 ended with losses while only one ended with gains. The National Stock Exchange’s Nifty also closed at 17,154.30, down 258.60 points, or 1.49 percent. Of the 50 stocks involved, 45 closed with losses.
Despite the fall in the market, there was a rise in the shares of companies led by Gautam Adani on Monday and four shares of the group hit the upper circuit. Among these, Adani Power was trading at 215.10 with a gain of 4.98%. On the other hand, Adani Green Energy was trading at Rs 716.80 with a gain of 4.99%, Adani Total Gas was trading at Rs 997.05 with a gain of 5.00% and Adani Transmission was trading at Rs 949.65 with a gain of 5.00%.
