INSUBCONTINENT EXCLUSIVE:
NEW DELHI: BSE benchmark Sensex has retreated 1,434 points in four trading sessions, as concerns over financial strain from the coronavirus
outbreak continued to unnerve global markets, including the US and Europe
The 30-share index declined to 39,888.96 on February 26 from 41,323 on February 19.
As a result, the market capitalisation of the BSE-listed
firm declined by Rs 5.50 lakh crore to Rs 153 lakh crore during the same period.
Vinod Nair, Head of Research, Geojit Financial Services
The economic impact is expected to be worse than earlier thought, forcing investors to stay away from risky assets
The domestic market is bracing for yet another subdued GDP growth, with a forecast of 4.6-4.7 per cent in Q3 compared with 4.5 per cent in
It is too early to say whether it is time to do bottom fishing or not
I think another 5-8 per cent correction is still there
Even if China resumes its production today, it will take a minimum of 35-40 days for the supplies to come
This will impact inflation
Many companies will be impacted this quarter
On January 30, the World Health Organization (WHO) declared the COVID-19 outbreak a global health emergency.
On Wednesday, the 50-share
Nevertheless, the overall structure shows that the low is likely to break
On a year-to-date basis, gold prices have already jumped nearly 9 per cent against 3.50 per cent fall in the 30-share Sensex.
The global
growth outlook for 2020 appears weak, The Economist Intelligence Unit said on Wednesday and cited coronavirus, the US-EU trade war, and the
US-Iran conflict as the biggest threats to the global economy.
The global growth is forecast to be 2.9 per cent in 2020, close to decade
lows, according to the whitepaper released by The Economist Intelligence Unit.