A pair of disasters rattled investors on Monday. On the one hand, the Sensex index fell by more than 2,200 points. Their share wealth of 15 lakh crore rupees was deleted. If last Friday’s fall is taken, the loss in two consecutive days is more than 19 lakh crore rupees. On the other hand, the currency touched an unprecedented low. The price of one dollar increased by 37 paise and stood at 84.09 taka for the first time. According to experts, on this day, the stock index was turbulent all over the world. Apart from domestic companies, many foreign investment companies also quickly sold their shares and took profits.
On Monday, the Sensex again fell to 78,000. 2222.55 points (2.74%) stopped at 78,759.40. Earlier on June 4, the day the Lok Sabha poll results were declared, it had fallen to 2686.09 (3.31%). On this day, Nifty also fell to 24,055.60. Fall 662.10 (2.68%). 5% fell on the day of the vote.
Experts Ashish Nandy and Vinay Aggarwal say that there are three reasons for the collapse of the market on this day. One, Japan’s interest rate hike. Second, although America seems to be turning around, recent data, such as shocks in industrial production and employment, have created fears of a recession in that country. But raising its rates increases their cost of raising funds. It will also take more money to pay off current debts. Practically concerned, they sold shares in various countries, including India.”
Vinay claimed, “On this day, instability was seen in the market across the world, including Asia and Europe. India has also joined it. However, the rate of decline in the index is lower in this country compared to other countries.” It is therefore better for ordinary investors to stay away now.” Ashish’s statement on the fall in the price of rupees: “Today, foreign investors have sold more than 10,000 crore shares in the Indian market. He converted that fund into dollars to bring it home. The Indian currency has weakened mainly due to the increase in demand for dollars.”
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