4 months, 2 weeks ago
Monday Blues: Sensex Crashed up to 3%, Nifty down 2%
New Indian ExpressMUMBAI: India’s equity market experienced a major crash on Monday morning with the benchmark indices falling up to 3% in opening deals. The fall is attributed to weak global cues amidst concern that the US economy is heading towards a recession and rising tensions in the Middle East as Iran has vowed to retaliate against Israel’s killing of top Hamas leaders. The crash in Nikkei by above 4% this morning is an indicator of the crisis in the Japanese market,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. “The outlook for our market remains very bullish, but the potential for a significant correction means investors should consider taking profits where valuation concerns exist.
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History of this topic
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1 week ago
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