For the past two months, market investors have lost an unimaginable amount of above Rs 15 trillion. As the stock market continues a series of losses, Benchmark indices are losing heavily and rapidly due to which the bears who have always wanted to bring the markets in a downtrend, rallied rapidly on the Friday session.
With this Friday turning out to be another Black Friday in the stock market history.
As per the global trends, global markets have all been hit hard and severely due to the rising covid omicron cases and concerns.
With rising omicron variant covid numbers, major global central banks have decided to take a tough stance with a surprise rate hike by the Bank of England for the first time since the start of a new type or variant of the pandemic.
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Cumulatively the markets have left and offered huge amounts of losses for investors over the last two months. With Indices falling sharply, especially since October 2021 where the Indices reached record low levels.
Currently, there are overvaluation concerns, with the downgrading of Indian equities through global brokerages due to the fears of an increase in omicron variant cases. Also the start of bond taping by the Federal Reserve, thereby raising expectations of a rate hike in the US.
The sale of FIIs and the withdrawal of the controversial agricultural laws by the government are some key and major factors for such heavy market losses in the last two months. With Nifty touching a record high of 18,604 on October 19.
It has since fallen nearly 10 percent to a recent low of 16,782. The Sensex lost 889 points to settle at 57,011 on Friday on a sell-off in all sectors except IT. The Nifty was down 263 points at 17,985, down 17,000.
Finally, the Investor wealth of Rs 15.32 lakh crore has evaporated in the last two months.
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