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Today i.e. 18th June was not a very good day for the Indian stock market. In fact, from the beginning of the day, there was an atmosphere of weakness in the market, which increased the concern of investors. The main index Sensex was seen falling 50 points and trading at the level of 77,100. At the same time, Nifty of National Stock Exchange also declined by 20 points and reached the level of 24,050. Today the market was mainly under pressure from shares of Information Technology (IT) and Media sectors. There was significant weakness in the shares of these two sectors, due to which the decline in the market increased further.

Mixed trading in Asian stock markets today

In fact, if we talk about global markets, mixed business was seen in Asian stock markets today. South Korea’s Kospi index was seen trading at the level of 8943 with a gain of 79 points, which is an increase of 1.01 percent. Similarly, Japan’s Nikkei index also rose by 1150 points to reach 71052, registering a gain of 1.65 percent. However, Hong Kong’s Hang Seng index was seen trading in decline. It fell 468 points to 23844, which is a decline of 1.88 percent. Due to this, the picture of Asian markets remained mixed.

Weakness in American stock markets also

Earlier, weakness was also seen in the American stock markets. Its effect was also visible on other markets of the world today. The Dow Jones index fell 507 points to close at 51493, a decline of 0.98 percent. Nasdaq also fell 355 points to 26022, a decline of 1.34 percent. Whereas the S&P 500 index slipped 91 points and closed at 7420, which shows a decline of 1.21 percent. This weakness of the American markets appeared to affect the Indian market as well.

Selling by foreign institutional investors (FIIs) continues in the Indian market. In the last seven days, FIIs have sold shares worth a total of Rs 1,530 crore from the Indian stock market. However, domestic institutional investors (DIIs) have been seen supporting the market. He has made purchases worth Rs 10,092 crore in the last seven days. In today’s trade also, FIIs made nominal purchases of Rs 102 crore, while DIIs bought shares worth Rs 1,561 crore. If we look at the data of the last 30 days, FIIs have sold shares worth Rs 78,542 crore, while DIIs have tried to control the market by making strong purchases worth Rs 98,966 crore. All these figures are in crores of rupees and reflect the changing strategies of investors.

There was a decline yesterday

This decline has come at a time when there was a bullish atmosphere in the market yesterday i.e. on 17th June. In the last trading session, the Sensex closed at 77,156 with a gain of 347 points. Nifty also recorded a rise of 97 points and closed at 24,086. Today’s decline has somewhat offset yesterday’s gain.