Stock market crash: Investors lose Rs 9.6 lakh crore in 3 days

Long-term capital gain tax introduced in the Union Budget 2018 may not be the real reason for markets to fall

Long-term capital gain tax introduced in the Union Budget 2018 may not be the real reason for markets to fall

There are a bunch of reasons why Sensex is falling today.

The key Indian equity indices provisionally closed Tuesday's trade in the negative territory, paring some losses to recover from their day's lows. RBI to turn hawkish, keep rates on hold through middle of 2019: Poll The Reserve Bank of India will keep interest rates on hold through at least the middle of 2019 even though inflation is above its medium-term target and is expected to stay that way, a Reuters poll found. The stronger-than-expected United States nonfarm jobs report for the month of January released last Friday sent interest rates on sovereign debt jumping.

The sensex registered intra day high and low at 34,941.34 and 34,482.81 respectively. The S&P BSE Sensex ended at 34,195, down 561 points while the broader Nifty50 index settled at 10,498, down 168 points. Asian markets saw a big decline today, following Friday's Wall Street selloff, with Japan's Nikkei falling almost 2.5 per cent.

Oil prices drop by 1%. BSE' Consumer Durables (down by 2.86%) lost the most.

All sectoral sub-indices were trading in the red on Monday morning.

Los Angeles endured 12th school shooting of 2018
Shortly after the beginning of the first class of the day at Sal Castro Middle School , gunfires were heard in a classroom. Doctors say the most seriously injured victim of a Los Angeles middle school shooting has a good medical prognosis.

Benchmark indices nosedives on Tuesday in reaction to a steep fall seen on Wall Street in overnight trade. This in turn had investors anxious about that America's Central Bank, the Federal Reserve, could increase rates quicker than it was initially expected. On BSE, 2,221 stocks declined, while 169 advanced and 83 remained unchanged.

The total turnover on BSE amounted to Rs 5340.31 crore, compared with the turnover of Rs 4759.65 crore registered during the previous trading session.

"The selloff in the leading to the global decline". It was followed by PC Jeweller (Rs. 1,015.68 million), Reliance Industries (Rs. 929.39 million) and Tata Motors (Rs. 752.39 million).

Nifty 50 fell 390 points to 10,276.30 in opening trade.

Tata Motors and Warburg Pincus mutually decide to call off the transaction in Tata Technologies. Today, on February 6, 2018, the rupee hit 64.49 against the dollar. As of today the Sensex has been sinking for six consecutive sessions. The slump is said to have begun after the Union Budget was revealed on February 1, 2018, a Thursday.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.