The 28-year-old upheaval in the Nifty, the historical quarterly gains in the Sensex.
Ahmedabad. 31 March 2020, Tuesday
The Sensex was the second-highest quarter last year, with the highest quarter in the January-March 2020 quarter, following pressure from heavy selling by Chommer in the Indian stock market, amid a backlash from the global economic crisis triggered by the global economy. General Chat Chat Lounge
Global economic downturn has led to the erosion of billions of dollars of investor capital globally as stock markets around the world, including the United States, Europe, and Corona virus infestations are on the verge of collapse. However, the Sensex reached a historic high of 42273.80 in the early months of January following favorable reports. But behind the hostile reports cited above, the Sensex slumped down from its historic peak during the January-March quarter, down from 25638 at the bottom of the massive panic selling.
Thus, in the proposed quarter, the Sensex recorded a 31 per cent historic gain.
On the other hand, the NSE's Nifty figure on the back of the aforementioned adverse reports also recorded a 31.9 per cent jump in the January-March quarter. The Nifty index recorded the highest 32.2 percent gap in the June 1992 quarter. Thus, in the January-March quarter, the Nifty recorded the largest gap of the last 28 years.
Talking about the financial year 2019-20, the Nifty in the financial year and the Sensex have performed the worst in the last decade.
During the proposed period, foreign investors raised about $ 7.4 billion from the Indian stock market. More than 55,000 crore funds were withdrawn.
Shares in the bank, NBFC, housing finance, insurance, auto, metal and real estate were up 42% on the back of heavy selling pressure.
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