Indian market is already in a bear phase, down more than 20 percent
from the recent highs. Historical data of the past 20 years suggests
markets usually create a bottom after falling around 39 percent on
average.
The Nifty50 has declined more than 30 percent in the last three months.
In the last 2 decades, there have been six instances when the market corrected by 25 percent or more, ICICIdirect said in a report.
Despite a coordinated response from global central bankers to stem the slowdown and avoid a possible recession, there is a risk-off sentiment in equity markets across the globe which is pushing money out of riskier assets to safe-havens.
Coronavirus scare has grown multi-fold post its spread across the key economic zone of Europe and the US. The number of affected cases in India is not significant but they are rising which does pose a challenge for the government.
Stock cash tips , Equity tips , MCX tips
https://youtu.be/izJlDhpEYx4
The Nifty50 has declined more than 30 percent in the last three months.
In the last 2 decades, there have been six instances when the market corrected by 25 percent or more, ICICIdirect said in a report.
Despite a coordinated response from global central bankers to stem the slowdown and avoid a possible recession, there is a risk-off sentiment in equity markets across the globe which is pushing money out of riskier assets to safe-havens.
Coronavirus scare has grown multi-fold post its spread across the key economic zone of Europe and the US. The number of affected cases in India is not significant but they are rising which does pose a challenge for the government.
Stock cash tips , Equity tips , MCX tips
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