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Today, August 29, 2022, the stock market experiences a tsunami, with the Sensex falling by 1200 points

Today’s Share Market News (Today’s Stock Market), August 29, 2022: The Sensex was down 2,906.65 points at 55927.22 during the pre-open at 9:02 a.m. During the year, the Nifty fell 332.10 points to 17226.80.

Today’s stock market news, August 29, 2022: The domestic stock market has been rocked by the massive drop in the global market. The Sensex and Nifty both opened lower on Monday. The 30-point BSE Sensex opened at 57623.25, a loss of 1,210.62 points (2.06 per cent). At the same time, the Nifty fell precipitously. It broke through 361.50 points (2.06 percent) and opened at 17197. In early trading, 40. 433 shares rose, 1965 shares fell, and 135 shares opened flat.

What caused the Sensex-Nifty to fall?

The US market plummeted as a result of Fed Chairman Jerome Powell’s remarks. It had an impact on the domestic market. The domestic market was influenced by the global market. The Dow Jones closed more than 1000 points higher on the last trading day of the week, while the Nasdaq fell 3.94 percent. There was also weakness in the European market.

In Jackson Hole, Fed Chairman Jerome Powell stated that he would use all of his power to bring inflation under control. The policy will be altered in order to reduce inflation to 2%. The consequences for the economy will be dire if price stability is not achieved. The S&P 500 was down 3.37 percent in the previous trading session, while the FTSE 100 was down 0.70 percent, the DAX was down 1.88 percent, and the CAC was down 1.68 percent.



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