Stock market disappointment, after fall in the budget, investors plunged by Rs 5 lakh crore
Two February and five February, that is, five lakh crores of investors have sunk in just two days. Today’s loss is not included in it. The stock market has lost 2800 points after the budget.
There has been a sharp decline in the stock market. The shares are falling continuously since the budget is presented on February 1. But today’s fall has been due to the decline in the world markets. Today the Sensex opened nearly 1200 points. Since the budget has been submitted, more than 5 lakh crore of people have been submerged.
After the budget, today is the third trading day in the stock market. Two February and five February, that is, five lakh crores of investors have sunk in just two days. Today’s loss is not included in it. The stock market has lost 2800 points after the budget.
The biggest drop of 1200 points since 2015, Nifty reached 10,200
Why the stock market dropped?
People are extracting foreign investment because of rising interest rates in the US. The first rate of interest was 0 percent, which is 1 percent and now it is about 3 percent. That is why foreign investors are withdrawing money. It has an impact on the world market.
Economy situation in the US was poor, so the federal bank had earlier lowered the interest rate. Now the American economy is improving, so the interest rate is 3%. American or foreign investors used to borrow money on low interest and invested in the foreign stock market. Now interest rates are rising, that’s why they are thinking of taking out the money and putting them in bonds. In the US, the Bond Yield has reached 2.88 per cent and after this, the dollar’s fall in prices is witnessing a huge drop in global markets. In today’s business, there is a great decline in Asian and Indian markets, including the US markets.
Tomorrow, Finance Secretary Hasmukh Adhia said that the fall in the Indian stock market is not due to the long-term capital gain tax in the budget, but the global sentiment is being seen due to poor performance.
All the 50 shares of the Nifty have declined and all the shares are trading in the red mark. Tata Motors topped 5.43 percent, Axis Bank at 4.46 percent and Gail 4.28 percent, Indiabulls Housing Finance is trading below 4 percent.
How much damage has happened since the budget?
Jan 31- 400 * 100 = 40000 now 368 * 100 = 36800
31st January-1159 * 100 = 115900 right now 1119 * 100 = 111900
31st January – 950 * 100 = 95000 right now 882 * 100 = 88200