Market today: On September 23, we can see a weak start in Indian stock markets. Gift Nifty is seeing a decline in early trade. The gift Nifty was seen at 25,270 at 7 am, which is 0.17 percent less than the previous closed price. On September 22, the benchmark index closed with lethargy. The Sensex fell 466 points or 0.56 percent to 82,159.97. Whereas, the Nifty fell 124.70 points or 0.49 percent to 25,202.35.
Yesterday’s session started in ups and downs. The market weakened by the selling of IT shares amid concerns over the H-1B visa fee to US $ 100,000. Rubawari in the afternoon and the relief from the reduction in GST rates supported the market to some extent. But the continuous pressure on the legendary shares again pulled down the indexes down.
If we look at the sectoral indexes, IT, Pharma and FMCG shares saw the biggest decline. While energy and metal stocks performed better. The broad market was also declined and it closed down 0.5–1.0 per cent.
After Monday’s decline, investors will keep an eye on technology shares. The huge decline came after the announcement of a huge visa fee for high-skilled employees under the H-1B program by US President Donald Trump.
Talking about the global market, the situation looks better. Wall Street was a good boom yesterday. Due to this, the Asia-Pacific market opened on Tuesday. NVIDIA alliances with Openai have enthusiastically enthusiastically filled the technical stocks. Due to this, expectations about AI have increased. Australia’s S&P/ASX 200 index, South Korea’s cospie is trading up with 0.69 per cent and Kosdac 0.28 per cent.
On Wall Street, the benchmark index continued its lead yesterday. Dow Jones jumped more than 350 points from the lower level of Intrade to close with a slight increase. The S&P 500 index closed close to the level of 6,700. It made its 28th record high of 2025, while Nasdaq reached close to 23,000 with a new alltime high.