Sensex plunges 900 points to slip below 60K; 5 factors behind market crash
Investors lost nearly ₹4.27 lakh crore in wealth as Sensex and Nifty fell 1.53% each, registering their biggest one-day fall in a month.
Investors lost nearly ₹4.27 lakh crore in wealth as Sensex and Nifty fell 1.53% each, registering their biggest one-day fall in a month.
Bitcoin earlier tanked below $26,000 but later recovered a bit to $27,604.56. The digital currency is still down 11% in 24 hours.
The BSE Sensex and the NSE Nifty are headed for a negative opening on Monday following a weak trend in global equity markets.
Day after the lockdown extension announcement, markets remained in positive territory for majority of the day before global cues pushed them to close in the red.
Fortune India spoke to some of the best investment brains in the business for their outlook on India’s growth story, their preferred asset allocation, and overall investment strategy.
Despite rising crude oil prices and looming elections hanging over the markets, HDFC chairman Deepak Parekh is confident that the common man will continue to pick mutual funds to invest savings in.