By Admin 
Share Market Today on June 23: There was a dull start to trading in the Indian stock market today. BSE’s 30-share index Sensex is trading at 76912.68 with a decline of 181 points. At the same time, NSE’s Nifty is at 214055.30 with a fall of 47.60 points.
Why did the stock market fall today?
- The impact of yesterday’s huge fall in American tech stocks is being seen on the Indian stock market today. Yesterday, there was a historic fall of 5% in Google’s parent company Alphabet and 16.4% in Elon Musk’s company SpaceX on Wall Street. Due to this, a decline of 1-2% is being seen in the shares of tech companies like TCS, Infosys, HCL Tech and Wipro in the domestic stock market today.
- The US dollar has strengthened against other currencies of the world today and reached its highest level (101.2) in 13 months. With this, the 2-year treasury bond yield in America has increased to near its record level of 16 months. When the dollar and bond yields strengthen, foreign investors pull money out of Indian markets and invest it in safe US bonds.
- The US Federal Reserve has indicated that it will increase interest rates in the coming time so that inflation can be controlled. Interest rates are expected to increase by 75% by September. Due to this, investors have become cautious.
Asian market
Mixed signals are being received from Asian markets today. Investors are stepping into the US market amid concerns about the decline in the technology sector and interest rate hike by the Federal Reserve. Meanwhile, Japan’s Nikkei 225 index fell 0.9% and was trading at 71681.29.
The biggest decline of 2.8% is seen in South Korea’s Kospi index. Today it is trading at a low level of 8863.52 due to weakness in big tech stocks like Samsung and SK Hynix. Hong Kong’s Hang Seng also declined by 0.4%. However, Australia’s S&P/ASX 200 is up marginally by 0.1% at 8822.10.
US market
In yesterday’s trading session of June 22, a mixed trend was seen in the American stock market. On one hand, due to huge fall in Elon Musk’s company SpaceX and other tech and AI stocks, Nasdaq closed with a big fall of 1.32% at 26166.60. At the same time, due to strength in the shares of industrial and healthcare sectors, Dow Jones managed to close at 51712.71 with a gain of 0.29%. During this period, the S&P 500 index fell 0.37% to 7,472.79.
crude oil
Yesterday on June 22, due to peace talks between America and Iran, crude oil prices fell by more than 3%. However, today a slight recovery in prices is being seen in the international commodity market. Today Brent crude is trading at $ 78.15 per barrel with a gain of 038%, while West Texas Intermediate (WTI) crude has jumped 0.46% to reach $ 74.19 per barrel.
us dollar
The US Dollar Index (DXY), which measures the value of the dollar against six foreign currencies, is trading 0.029% higher at 101.02, which is its highest level in the last 13 months. At the same time, at present the price of 1 US dollar is around Rs 94.69. On Monday, due to the strength of the dollar in foreign markets, the Indian rupee fell by 34 paise and closed at 94.67.
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