08 Mar , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a negative start on Tuesday, as suggested by the trends on SGX Nifty in early trade. Nifty futures were trading at 15,793, down 50 points or 0.32 per cent on Singaporean Exchange. In the previous session, Sensex ended at 52,843, down 1,491 points or 2.74 per cent. The Nifty 50 index settled at 15,863, down 382 points or 2.35 per cent. Asian stock markets were trading mixed on Tuesday as the Russia-Ukraine war continues to keep investors on edge. Japan’s Nikkei slipped 0.14% while the Topix index shed 0.41%. South Korea’s Kospi dipped 0.33%. In the overnight trade on Wall Street, the Dow Jones Industrial Average shed 797.42 points, or 2.37%, the S&P 500 dropped 2.95%, and the tech-heavy Nasdaq Composite declined 3.62% to 12,830.96.
Nifty down 15% from record-high
The heightened volatility in the market continues. Nasdaq is now 20 % down from the peak indicating that it has entered bear market territory. Nifty is down 15% from the peak. All commodities have surged indicating imminent higher inflation. Even though the market is now oversold, sentiments are negative. The positive development from the market perspective is the exit poll projection of BJP doing well in UP. Declining bond yields in the US and the possibility of lower-than-feared rate hikes by the Fed are reliefs from the market perspective.
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