How Will The Indian Stock Market React To The Global Crash?
Global Market Crash Reason: The Nifty 50 dipped below its budget-day low, while Indian benchmarks closed at their lowest point in over a month. This decline aligns with global equity markets, which were unsettled by growing concerns over a potential US recession and escalating tensions in the Middle East, causing investor apprehension. Nifty opened with a significant gap-down and corrected by more than 800 points during the day, ultimately closing with a loss of 662 points (-2.7%) at 24,056 levels. The volatility index, India VIX, surged by 42% to 20 levels, reflecting investor fears of an economic slowdown.
#stockmarket #crash #globalmarket
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