Today a sharp fall has been seen in the Indian stock market. Nifty is down by 1.12% and Sensex is down 1.38%. Due to the Russia-Ukraine crisis, crude oil prices have also crossed the mark of $ 116 per barrel.
This level is at 7 year high, due to this there will be inflation and current account deficit increase in India which will have a macroeconomy stability impact.
India’s Quarter 3 GDP Growth Number
In quarter 3 of financial year 22, the Indian GDP grew by 5.4%, while in the previous quarter this number was 8.5%. Lower than expected GDP growth has also negatively impacted the market sentiment.
A downward trend was also in the US and Asia markets. The US markets also closed in the red yesterday. Apart from this, according to the data of January and February 2022, foreign investors have outflowed capital of Rs 68895 crore from the Indian market.
This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.