Today was a holiday for the stock market on the occasion of Eid, but the stock market will open on Friday. Meanwhile, such news has come from America, the impact of which can be seen on the Indian stock market tomorrow. Experts believe that there may be huge fluctuations in the Indian market on Friday. At the same time, a sharp decline has been seen in the American stock market in Wednesday's trading.
The fall in the US market came after the data released by the Federal Reserve. Inflation rate in America has been above expectations, due to which the expectations of Fed Reserve rate cut have reduced. It is estimated that Fed rate cut will be possible only after June. In such a situation, market experts say that the pressure of US Inflation is visible for the third consecutive month and it is clear that inflation is not under control. The global market is estimating that the rate cut may happen only by September.
America's inflation was higher than expected
On an annual basis, America's inflation rate has increased to 3.5 percent in February as compared to 3.2 percent. This inflation rate is higher than expectations. Whereas the inflation rate in January was 3.1 percent and in February it was 3.2 percent. In such a situation, there is very little hope for a rate cut by the Federal Reserve.
Stock market at all time high
On Wednesday, both Sensex and Nifty closed at all-time high, with Nifty touching a new high of 22,775.70, breaking the previous record of 22,768 points. Nifty closed at 22753.80 points, while Sensex closed at 75,038.15, up 0.47 percent. Apart from this, Nifty Midcap, Nifty Bank, Nifty Next 50 and Nifty Financial Services closed on the green mark.
Expect huge fluctuations
Thursday i.e. today was a holiday in the market, amid which news regarding inflation rate has come out from America. In such a situation, it is expected that there may be huge fluctuations in the stock market on Friday.
(Note- Before making any investment in the stock market, definitely take advice from your market experts.)
