Share Market Today on April 30: Today the level of decline in the Indian stock market is continuously increasing. Currently, Sensex remains around the level of 76600 with a fall of 922 points. At the same time, Nifty is also seen trading at the level of 23875 with a decline of 302 points.

At the beginning of trading, Sensex started trading at the level of 76646 with a big fall of 850 points. At the same time, Nifty slipped 265 points and opened at the level of 23914. Today the banking sector is under maximum pressure. Till now it has fallen by 1.5 percent. Shares of Adani Energy Solutions, Zomato and PFC & REC are seen falling in early trade.

Why did the market fall?

• Crude oil prices crossed $120 per barrel today, creating panic among investors.
• The US Federal Reserve did not make any changes in interest rates. There is an atmosphere of fear among investors due to this strict stance of the Fed and the fear of global recession.
• The stock market will remain closed tomorrow on 1st May on the occasion of Maharashtra Day. After this there will be holiday on Saturday and Sunday also. In view of the long holidays, investors are reducing their positions.

Asian market

Asian indices opened lower on Thursday morning due to overnight decline on Wall Street and rising crude oil prices. There was a decline in Japanese markets when trading started after the holidays. The benchmark Nikkei 225 lost 0.91%, while the Topix slipped 1.48%.

South Korea’s Kospi was up 0.36%, while the small-cap Kosdaq was down 0.25%. Hong Kong’s Hang Seng Index futures were last trading at 25,729, while the index closed at 26,111.84 on Wednesday.

condition of wall street

American markets closed with a decline on Tuesday amid continuously rising prices of crude oil. US President Donald Trump said that until a nuclear deal is reached with Iran, America will continue its naval blockade on Iran.

Apart from this, the US Federal Reserve did not make any change in the interest rates, the effect of which was also visible on the global markets. The Dow Jones Industrial Average index fell 280.12 points, or 0.57%, to 48,861.81. A decline was recorded for the fifth consecutive day. The S&P 500 declined marginally by 0.04% to close at 7,135.95, while the Nasdaq Composite rose 0.04% to 24,673.24.

price of crude oil

West Texas Intermediate (WTI) crude futures are trading 0.28% higher at $ 107.18 per barrel. At the same time, Brent crude futures reached near the level of $ 120 per barrel this morning. On COMEX, crude oil prices are trading 0.16% higher at $ 107.05 per barrel.

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Share Market Today on April 29: Today the opening of the Indian stock market exceeded expectations. In early trading, both Sensex and Nifty were seen trading in the green.

BSE’s 30-share sensitive index Sensex opened with a gain of 358 points at 77245, while NSE’s Nifty opened with a gain of 101 points at 24096. Shares of Adani Ports, L&T and Maruti Suzuki saw a rise of more than 1 percent in early trade.

UAE left OPEC

UAE has decided to withdraw from OPEC and OPEC+, which has dealt a big blow to oil exporting countries. This step has been taken at a time when energy supply is already disrupted due to the war in Iran and there is turmoil in the global economy.

The separation of UAE, a long-time member of OPEC, could lead to chaos and weaken the strength of the group. The group has generally aimed to present a united stance despite internal differences on various issues such as geopolitics and production quotas.

Asian market

Trading in Asian markets started on a cautious note on Wednesday morning as investors assessed the latest developments related to OPEC as well as a report on OpenAI’s weakness. Due to this, South Korea’s Kospi fell by 0.39%, while the small-cap Kosdaq remained flat. However, Hong Kong’s Hang Seng futures stood at 25,762, which is a slight increase from the previous closing of 25,679.78. At the same time, Japanese markets are closed due to holidays.

US market

American markets closed with a decline on Tuesday. The broad market index fell 0.49% to 7,138.80, while the tech-heavy Nasdaq Composite fell 0.9% to 24,663.80. The Dow Jones Industrial Average fell 25.86 points, or 0.05%, to 49,141.93.

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