BusinessIndiaLatest Update
The stock market is falling: the Sensex is at a 52-week low
Mumbai: The Indian stock market continues to decline. On Thursday, the BSE Sensex fell 1,045 points to close at 51,495 points. The NSE Nifty fell 331 points to close at 15,360 points. With this decline, the Sensex reached its lowest level in 52 weeks. The Sensex has fallen about 4,000 points in a week. Investors are losing millions of dollars as a result of the continued decline in the index.
The U.S. Federal Reserve recently raised interest rates. This has led to a decline in global stock markets. This has had an impact on the Indian stock market. Even today, the Bank of England (UK Central Bank) has raised interest rates. As a result, the world’s leading stock markets will see further declines. The Sensex and the Nifty are unlikely to improve tomorrow, Friday.
The decline in the stock market is also seen as a reason behind the rise in oil prices.
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