The rapid spread of the novel coronavirus (Covid 19) across the globe has got investors worried about the impact this will have on the financial markets, especially equities. In such a situation, the question on the minds of investors is whether to stay invested or exit.
Equity indices worldwide, including India, is having a tumultuous 2020. The Dow Jones and FTSE 100 indices tanked about 26 per cent and 31 per cent, respectively, while emerging market indices RTS (Russia) and Bovespa (Brazil) plunged 38 per cent and 37 per cent, respectively, on year-to-date (YTD) basis.
The story was no different back home with the Indian benchmark indices (S&P BSE Sensex and Nifty 50) down 17 per cent and 18 per cent, respectively, YTD. On March 12, 2020, trailing the manic global sell-off, the domestic benchmark indices saw their biggest one-day point fall with the S&P BSE Sensex down 2919 points and the Nifty 50 declining 868 points, giving a massive jolt to investors’ confidence. On March 13, domestic indices hit the lower circuit when the market fell another 10 per cent, prompting a halt in trading for 45 minutes, though by the end of the day it closed in the positive.
Varied Sectoral Impact
This story is from the April 05, 2020 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 05, 2020 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Focus on the challenge of each customer"
SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company
PEDAL ON THE FUTURE
THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY
BREATHE EASY
Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference
The Taste of India in a Glass
FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN
LOOK BEFORE YOU LEAP
IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES
MISSING ADVISORS
INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE
TURNING A CORNER
SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE
REALITY CHECK
INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?
TRUMP'S TRADE TANGO
The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?
"The essence of the Trump administration will be transactional”
Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more