Due To Stock Market Melt Down In Last Two Months Investors Loses 15.32 Lakh Crore, Know Details Here


Investors Wealth Eroded: There was a big fall in the stock market this week. In the trading session of 5 days, there was a decline in the market for four days. Due to which investors have lost Rs 8.3 lakh crore this week. The market capitalization of BSE was Rs 267.68 lakh crore on December 10, which has come down to Rs 259.4 lakh crore on December 17.

Also read: Income Tax Return: 2 crore people have to file income tax returns in 14 days, will the deadline for filling ITR be extended, know details

15.32 lakh crore loss in two months

Since October, foreign investors have been continuously selling in the market. Due to the fall in the market, investors have lost Rs 15.32 lakh crore in the last two months.

Investors, especially foreign institutional investors, were seen selling after last week’s spectacular rally. Look at the data, this week, a total decline of 1775 points was seen in the Sensex and 526 points in the Nifty. The new variant of the corona virus, Omicron, is spreading its feet. Especially in European countries. The number of Omicron patients has doubled in Denmark, South Africa and the UK.

Also read: Digital Currency & Cryptocurrency: Discussion took place in the RBI board meeting regarding digital currency and cryptocurrency, know the details

Disappointment in the market due to the threat of interest rate hike

Restrictions have already been imposed on travel, investors are again apprehensive of strictness like lockdown. Many companies have canceled plans to call their employees to the office. In India too, the number of Omicron patients has crossed 100. In such a situation, the fear of derailment of the economic development vehicle which was coming back on track has started haunting. From IMF to many rating agencies are reducing the growth figures. This is the reason why investors are selling.

Risk of rising interest rates due to inflation

The interest rate was very low for the last several years. But due to the rise in inflation, all the central banks of the world are indicating to increase their policy rates. The Bank of England has also increased interest rates. At the same time, the Federal Reserve of America has also indicated to increase the interest rate. It is believed that due to rising inflation in India, RBI may have to take a decision to increase the interest rate in the new year.

,



Source
(This is an auto-generated article from syndicated news feed. TEAM BEPINKU.COM may not have modified or edited the article).

About the Author: TEAM BEPINKU.COM

We share trending news and latest information on Business, Technology, Entertainment, Politics, Sports, Automobiles, Education, Jobs, Health, Lifestyle, Travel and more. That's our work. We are a team led by Mahammad Sakil Ansari.

You May Also Like