Inflation coming in America may affect Indian stock market
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Inflation has increased significantly in America these days. Inflation figures in America are higher than expected. In the month of March, the core inflation rate was recorded at 0.4% on monthly basis, whereas it was expected that it would be at 0.3%. Whereas on annual basis the core inflation rate was 3.8%, which was to be 3.7%. Inflation rate in the month of March was 0.4% which was estimated at 0.3%. Whereas on annual basis this level was to be 3.4% which was actually 3.5%. One reason for inflation in America is Dow Jones, which has fallen by more than 500 points.
retail inflation data
Friday is the last day of the week in the US market. Indian market will also open on this day. Due to the decline in the American market, there has been a rise in inflation, the effect of which is visible here also. Earlier on Wednesday, the Indian stock market Sensex had crossed 75 thousand for the first time. During this period, Sensex had touched the figure of 75038 points. Whereas Nifty closed at 22753.
support for nifty
The market remains at record levels. But during this time the volume is not visible. Due to this, Nifty may reach the range of 22529-22775 for some time. Support is available for Nifty at 22615 on immediate basis. If it crosses 22800 then a new rise can be seen in the market, but experts are seeing it as an obstacle. Global events will have a lot of importance on their ups and downs, which will also decide the future movements.
Such was the condition of the market yesterday
US markets closed on Thursday with a mainly positive trend. Global oil benchmark Brent crude futures were trading 0.58 per cent higher at US$90.26 per barrel. According to stock market data, foreign institutional investors (FIIs) bought shares worth a net Rs 2,778.17 crore on Wednesday.
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