Before the Federal Reserve Minutes result, the stock market’s start to the year fizzled out, costing Indian investors 3 lakh crores of rupees. MarketGyani.com
Investors Wealth Loss: The New Year celebration party of Indian stock market investors has come to a halt, due to which the investors have suffered a loss of Rs 3 lakh crore. In fact, the minutes of the US Central Bank Federal Reserve are going to be released due to fear of which this decline has been seen in the market.
3 lakh crore loss to investors
The investors of the stock market were immersed in celebration due to the continuous boom. But in view of the future signals coming from the Fed Reserve, the stock market around the world fell in its grip. As a result, for the first time in 2023, the stock market closed with a decline. Investors have suffered huge losses. Investors have suffered a setback of Rs 3 lakh crore in a single trading session. The market cap of companies listed on BSE came down to Rs 281.61 lakh crore on Wednesday from Rs 284.65 lakh crore on Tuesday.
Fed increased the concern of the market
The fear of raising interest rates by the Federal Reserve is haunting the market. The Federal Reserve is still worried about inflation. But when the minutes of the Federal Reserve are released, it will be clear what decision the Fed Reserve takes regarding interest rates in the future. However, there is also a fear that if the Federal Reserve decides to raise interest rates, the fear of the US economy going into recession may become stronger.
America and Europe remain a cause of concern for the stock market around the world, while the cases of Corona in China, Japan, South Korea have also increased the concern of the market. Due to the fear of recession, a continuous rise is being seen in the prices of gold. And it has reached its highest level in six months. It is a matter of relief that the prices of crude oil have come down and it has come down to $80.22 per barrel.
Market awaits corporate results
The fall in the Indian market has fallen due to domestic concerns. Corporates are about to announce the results for the quarter from October to December, due to which there is a stir in the market. TCS will announce its quarterly results on January 9. Avenue Supermarts, which runs a retail chain by the name of D-Mart, has declared its quarterly results and the company’s revenue has increased by 24.7 percent to Rs 11,304.58 crore, which was Rs 9065.02 crore in the same quarter last year. .