Global recession likely to rise after Corona: Index breaks 3-4% more

New Delhi, 09.09 March 2020, Monday

Market analysts have predicted a further three to four per cent decline in global leader markets, including the Indian stock market, amid fears that a global recession will prevail as the Corona virus prevails globally.

The Nifty broke an important psychological surface of 5.6 last week. Analysts believe that the key indicators can still fall by three to four percent. Bank stocks and even smaller private companies in particular may be under pressure.

Many things will depend on how global markets respond to corona outbreaks. Last week, the epidemic surpassed 100,000 cases. The Dow Jones was down about 5 points on Friday, only to fall 5 points on the basis of a better job report than expected. The current state of the economy can also destabilize markets.

Indian markets will be predominantly dominated by American markets. Which is currently in a state of uncertainty. Instability in this has become a daily affair. Global central banks are trying to stem the economic loss caused by the Corona virus. It also includes a rate cut of 5 basis points by the US Federal Reserve.