Fear of rising recession on Indian economy: stock market flutter

- Rs 47 lakh crore erosion in investor wealth in 41 days

- Dow Jones breaks 1063 points at opening, breaks crude $ 26.84, down 18-year-old

(Commerce Rep) Mumbai, 18 Mar 2020, Wednesday

The relentless hammering of foreign fund stocks in Indian stock markets brought the Sensex-Nifty to a three-year low with the Corona epidemic slowing global markets. With the international oil price plummeting to 18-year lows, European markets have receded after an hour after the global giant investment bankers predicted the Great Depression to erode the global 2001 recession from the outskirts of Corona. The Sensex lost 1709.58 points, hitting 28869.51 and the Nifty 498.25 points at three-year low of 8468.80.

Investors' wealth was eroded by a further Rs 5.99 lakh crore in a single day today. In the last 41 trading days, investors' assets of Rs 47 lakh crore were washed away to Rs113.53 lakh crore. The Sensex fell 13,660.82 points from its highest level of 42273.87 in these 41 days to the bottom of 28613.05 today and the Nifty highest level from 12,430.50 to 4023 points at the bottom of 8407.05.

The stock market started strong today with other Asian markets, following the Dow Jones Index's 1048 point gains in the US stock markets yesterday. The Sensex rose 522.68 points to reach 31101.77, opening 30968.84 against the previous close of 30579.09. With the rise of foreign-funded banking-finance, infrastructure stocks to sell in other stocks, and European markets opening gently, the collapse began at 1966.04 points to 28613.05.

But in the last 15 minutes, the last 15 minutes of the market closing, index-based stocks created huge upheavals between the funds, the big short coverings of experts and the hammering of some funds.

Saudi Arabia raises price war with Russia in crude oil The international price of crude oil fell sharply in the evening, with Brent crude falling $ 1.89 per barrel to $ 26.84 and neem crude at one point falling $ 24 to $ 23.60, to $ 2,595 a year. Had come down. European markets open slowly after opening up on Indian stock markets Banking-Finance, Infrastructure, IT-Software, Automobiles, Consumer Durables, FMCG, Pharma stocks closed at all-time highs on February 21, 2014 at 06.05.2013 The Nifty spot intra-day broke 660 points, breaking 1709.58 points and ended 360 years at 8407.05. The third was a three-year closing low of 498.25 points to close at 8468.80 at a new low.

Investors' assets were washed away by Rs 5.99 lakh crore in just one day, to Rs 113.53 lakh crore. That was Rs 119.52 lakh crore yesterday. So far, Rs 47.04 lakh crore has been washed in 41 days till January 17, 2020 compared to Rs.160.57 lakh crore.

FIIs - Foreign Institutional Investors, Foreign Portfolio Investors-FPIs sold a whopping Rs 5085.35 crore in cash today. A total of Rs 11,938.52 crore was sold against a total purchase of Rs 6853.17 crore. However, DII-local institutional investors today had a net purchase of Rs 3636.44 crore in cash. A total of Rs 7608.77 crore was sold against a total purchase of Rs 11,245.21 crore.

Late in the evening, the US stock markets saw a drop of 1063 points and the Nasdaq Index down 278 points. In European countries markets, the London stock market saw a fall of 100 points to 244 points, Germany's Dex was down 500 points and France's cake 40 index was down 225 points. Japan's Nikkei 225 Index lost 285 points, Hong Kong's Hangsang 972 points in Asian country markets today.