Share Market Crash: Investors lost three lakh crore rupees in one stroke, know why the stock market bled! – investors lost three lakh crore factors behind today’s selloff
[ad_1]
svb effect
Shares of American bank SVB Financial Group (SVB Financial Group), which invests in startup companies, have fallen by about 60 percent. It has lost more than $ 80 billion in market cap. Also, concerns are being raised about its financial condition. Although this issue is limited to America, but its effect is being seen on the markets around the world. Because of this, there has been a huge decline in bank stocks in India today. Shares HDFC and HDFC Bank declined over two per cent while the PSU Bank index declined over two per cent.
Adani Stocks
Shares of six out of ten listed companies of Adani Group declined today. Shares of the group’s flagship company Adani Enterprises fell four per cent. The group’s shares had risen for six days in a row. On Thursday too, six shares of the group closed up sharply. Shares of Adani Group had declined for more than a month after January 24. The situation improved after a major investment from GQG Partners.
fear of the fed
Investors are still waiting for employment data in the US. Based on this, the Fed Reserve will decide the interest rate. Investors are apprehensive that the interest rate may increase again by 50 basis points. The US Fed Reserve meeting is to be held on March 21-22. It is believed that the high interest rate can remain for a long time. The Nasdaq Composite lost 2.05% on Thursday, the Dow Jones Industrial Average lost 1.66% and the S&P 500 lost 1.85%. Its effect is being seen today in the entire Asian markets including India. Japan’s Nikkei is trading down by 1.7 per cent and Hong Kong’s Hang Seng is down by 2.6 per cent.
[ad_2]
Source link
