Cases of delta variant gaps in stock markets around the world

Sensex plunges 587 points: Dow plunges more than 900 points

Investors' assets fall to Rs 233.15 lakh crore

AHMEDABAD: The BSE benchmark Sensex plunged 587 points today on reports of rising corona delta variants and rising inflation in Asian and European stocks across the world. Which is the biggest one-day crash since April 30th. The US stock market crashed more than 900 points in the early stages.

There are fears that global economic growth will be disrupted in the near future as the Delta variant becomes dominant. On the other hand, there were fears that rising inflation would also affect the global economy.

On the other hand, the strength of the dollar in the global currency basket led to panic in markets around the world as US bond yields fell to a low of 1.25 per cent. These reports were followed by a gap of up to two per cent in Asian stock markets today. While European stock markets were down around two and a half percent.

The BSE Sensex fell by 586.66 points to 52553.40 on the back of panic in Indian stock markets. The Nifty was down 171 points at 15752.40. Investors' wealth (BSE market cap) rose by Rs. 1.31 lakh crore at the end of the erosion. 2.33 lakh crore.

The US stock market also crashed in the early stages of trading today on the back of the report. As of this writing, the Dow Jones industrial average fell 770 points to 33917.54. The Nasdaq was down 130 points at 14,296.50.