Top 10 Stocks to Buy in Stock Market Crash 2020 | Latest stock market news in Hindi
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#Stockstoinvestin2020 #StockMarketCrash #stockstobuynowindia
"After a smart rally on Friday, the selling pressure resumed in the Indian markets that too with greater intensity as the benchmark indices recorded its biggest single-day decline. The wider spread of coronavirus cases in India and lockdown in major cities impacted sentiments. Further, the global cues too remained unsupportive.
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The #StockMarketCrash in 2020 probably has you looking at the losses in the equity part of your portfolio wondering if the selloff is going to get worse this year or whether the market will recover. Well, the good news is that the equity market as a whole has always recovered in the past and will almost certainly do so again. But it might be a rough and lengthy round trip.
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#covid19 #indianstockmarketnewstoday #indiaeconomiccrisis
Sensex crashes 3,935 points: What's behind market meltdown
India is virtually under lockdown, manufacturing companies are announcing shutdowns and domestic stocks are falling like a deck of cards.
Benchmark indices logged their worst day in history. Nifty slipped to a four year low at 7,610.25, down 1,135 points while Sensex plummeted 3935 points to 25,981, over three-year lows.
Analysts say India has reached a crucial phase where it can either go China or Italy’s way. Already a spurt in coronavirus toll in Europe and the US .
Rupee hits 76 a dollar level, FII selling may intensify
The domestic currency dropped to 76 level against the US dollar in Monday’s trade, raising fears of further foreign outflows. Already FPIs have pulled out over Rs 50,000 crore domestic equities in roughly two weeks.
“The reaction function of the central bank would be interesting to watch given that there is broad dollar strength. Another 2 per cent runaway move in USD-INR pair is on the cards.
Sebi curbs unlikely to lower volatility
After trading hours on Friday, the Sebi introduced additional measures to tamp down wild fluctuations by introducing some restrictions in stocks futures and options trading. However, money managers believe that it won't curb volatility entirely. "Sebi's move to tighten short selling rules will affect a limited number of stocks at most, it will reduce volatility but not entirely. It is not a game changer in preventing short selling,"
India to decide: China or Italy
“India is at that crucial stage where European countries have not been able to control the virus," said Ayon Mukhopadhyay, director, UK and Europe at IIFL Institutional Equities. The coronavirus (Covid-19) positive cases surged in India on Sunday to 396 -- the highest increase of 81 over 24 hours so far. India also has to contend with the problem of high population density. There are 455 people per sq km, compared with 148 in China, 205 in Italy and 50 in Iran, according to the World Bank.
The rising number of cases of coronavirus has definitely impacted economic activity across the globe. On the domestic front as well increase in number of cases has forced the government to lockdown major cities impacting economic activity. Going forward, we expect the markets would continue to remain volatile as increase in number of cases in India would lead to selling pressure. Meanwhile, market participants would pin their hopes on stimulus package from the government to reduce the economic impact of coronavirus."
In this situtaion we are providing you with top 10 Picks from Stock market which you can add to your portfolio and earn wealth multifolds
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