American stock market downsize by 1371 points, Indian stock market likely to fall

Ahmedabad. March 11, 2020, Wednesday

Globally, the US stock market was hit again by 877 points on the back of other adverse reports, with the Corona virus prevailing. Reports of the Italian economy devastating due to the Corona virus have also been adversely affected in the US stock market, with reports of other countries also having an adverse effect.

On the other hand, due to unfavorable environment, banks' earnings estimates for American equity were also reduced. Meanwhile, the latest move by the Goldman Agency to reduce the S&P 500's earnings estimates further aggravated the situation.

The Downtowns Index was down 877 points, or 3.50%, to close at 24,141 points. The Nasdaq was soft at 8077 with a 268 point break, ie a 3% break. The S&P 500 index, on the other hand, was down 102 points, or 3.53 percent, to a low of 2777.