Breaking News: Over 150 crores of Lucknow investors drowned latest news update 2022
Latest News Update On 27 September 2022: People who were expecting from the stock market got a big blow on Monday. Lucknow also lost Rs 150 crore due to heavy selling by foreign institutional investors.
By noon there was talk that the market would settle down. Despite the fall, IT stocks were going well, but by the time the market closed, the hopes were dashed. 25 thousand rupees were sunk in the shares of Imran Chaudhary, who was doing property work. People expected that the Sensex-Nifty would go up as soon as the festive season started but it did not happen.
The period of uncertainty will continue, experts say that the selling in the market may continue. The currency of many countries of Asia, including India, has declined by 3 to 9 percent against the dollar. Praveen Dwivedi, head of Evoque India, said that the biggest fall in the rupee against the dollar in 37 years is due to fears of a hike in interest rates. Due to the strengthening of the dollar, foreign investors kept withdrawing money and investing it in their market.
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