This week’s stock market (BSE & NSE) started with huge fall and it’s continued for 6 consecutive days, this is the first time after three months 6 days continue downfall in the stock markets, reasons are many but particularly
- Trade war fears still live between the United States of America and China
- On the week first day sharp sell in Hindustan Unilever Ltd. (HUL) and India Tobacco Company of India Ltd. (ITC) as investors book profits.
- Banking sector fall due to the 10-year yield bonds ended at 8.06 percent surging
- The rupee traded at lifetime low due to trade deficit and strong US dollar
- Brent crude oil prices neared US $80
- Investors book profits at FMCG, Real estate, and Banking stocks
- Purchase Mangers Index (PMI) statistics lower than the expected in August
- Less GST collections
- NDA backward in Karnataka local elections
- Turkey, Argentina and other countries currencies also dropped against the US dollar
- Also, Investors’ took the signals from SEBI regulations as a Foreign Institutional investors forum warned the concerned official regarding withdrawal of FDI of 75 billion dollars (₹5. 25 lakh crores), if the indications are negative towards beneficiary interest.
