The Nifty will see a correction of 1000 points till the budget
AHMEDABAD: Stock markets around the world, including India, have been adversely affected by other unfavorable reports, including fears that a new variant of the corona virus, Omicron, could spread rapidly around the world and lead to a major global financial crisis. Under these circumstances, the Nifty is likely to see a correction of 1000 points by the next budget, market experts said. With the new variant of the Corona prevailing, many countries of the world are once again in trouble. The path of re-lockdown has been adopted by many countries. The warning issued by the World Health Organization (WHO) to all countries on the issue has sent shockwaves through the market and has caused panic among all investors, including foreigners, said Sandeep Bhatia, head of the Macquarie Group in India. On the other side of Omicron's concerns, other reports, including a signal from the US Federal Reserve to delay bond wrapping, i.e. early suspension of the bond-buying program, and the rise i...