Share Market Update: The decline in the stock market is not taking its name to stop. Especially since the decision of RBI to increase the Repo Rate and CRR, there is a continuous sell-off in the Indian stock markets. The market is also nervous due to the weakness of the rupee against the dollar. Because the input cost of companies is expected to increase. The Indian market has closed in the red mark for the fourth consecutive trading session.
huge loss to investors
The market capitalization of the Mumbai Stock Exchange as on 11 April 2022 was Rs 275 lakh crore. Which has come down to Rs 246 lakh in the last one month. That is, in a month, the property worth Rs 29 lakh crore of investors investing in the stock market was destroyed due to the fall in the stock market. On Wednesday, due to profit-booking in the market, the investors had to incur a loss of about Rs 2 lakh crore.
Market eye on retail inflation data
The stock market is eyeing the retail inflation rate data to be announced tomorrow, which will come after the close of the market and these figures can increase the concern of the market. It is believed that the retail inflation rate for April 2022 can be close to 7.50 percent, then it was 6.95 percent in March. If this happens, then the RBI can again take the decision to increase the interest again. The figures of IIP (Index of Industrial Production) will also come on Thursday.
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