Stock Market Live Today: Will Nifty Slip Below 22,000? Rout Across Asian Markets on Negative US Cues – Market News
Will the Nifty Slip Below 22,000?
As the Indian stock market prepares to open on Tuesday, March 4, investors are bracing themselves for a potential slide in the Sensex and Nifty indices, potentially dipping below 22,000, following a volatile session on Monday. Will the Nifty slip below 22,000? The answer lies in the market’s ability to cope with the negative US cues.
US Stocks Plunge on Tariff Announcement
Yesterday, US stocks tumbled after President Donald Trump announced a 25% tariff on imports from Canada and Mexico, sending shockwaves across global markets. The move sparked a sell-off, with the S&P 500 and Nasdaq composite index plummeting 2.3% and 2.9%, respectively.
Asian Markets Open on a Weak Note
Asian markets followed suit, led by Japan’s Nikkei 225, which dropped 2.1%, while Hong Kong’s Hang Seng index slumped 1.4%. Markets in China, South Korea, and Singapore also declined, as the negative sentiment continued to spread.
Sensex and Nifty: What to Expect
Indian markets are expected to open lower, with the Sensex and Nifty indices likely to continue their downward trend. The question on everyone’s mind is: Will the Nifty slip below 22,000? Market experts predict a volatile session ahead, with analysts citing the following factors:
- Edelweiss Securities: "We expect the Nifty to drop 100-150 points, given the negative international cues."
- Motilal Oswal Financial Services: "The Sensex may lose around 150-200 points, pending the direction of global markets."
Factors Influencing the Market
Market dynamics are influenced by several factors, including:
- Global Economy: The International Monetary Fund (IMF) has downgraded its global growth forecast, citing trade tensions and rising protectionism.
- Crude Oil Prices: Brent crude oil prices have been on the rise, impacting India’s fuel import bills and inflation.
- Monsoon Forecast: The Indian Meteorological Department (IMD) has predicted a below-average rainfall this year, which could affect agricultural output and rural demand.
- Earnings Season: Quarterly earnings reports from India Inc. have been mixed, with some companies beating expectations while others missed the mark.
Conclusion
As the Indian market prepares to open, investors are advised to stay cautious, considering the negative US cues and global market volatility. Will the Nifty slip below 22,000? Only time will tell. Stay tuned for live updates as the market responds to these challenges.
Key Figures
- Sensex: 73,085 (down 112 points)
- Nifty: 22,119 (down 5 points)
- Nifty 50: 22,261 (up 2.1%)
- Sensex 30: 73,649 (up 2.3%)
Market Performance
| Index | Change | Percentage Change |
|---|---|---|
| Sensex | -112 | -0.15% |
| Nifty | -5 | -0.02% |
| Nifty 50 | +2.1 | +0.09% |
| Sensex 30 | +2.3 | +0.03% |
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