An evening walk down D-St: Investors lose Rs 2 lakh cr in a day as weak global sentiment weighs on Nifty, Sensex
Episode 1719, Sep 25, 2019, 11:36 AM
The Indian market suffered sharp losses on September 25, a day before the September futures and options expiry, as weak global sentiment made investors take money off the table and avoid fresh bets on riskier equities.
Global sentiments turned negative after US lawmakers, on September 24, called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world's largest economy.
Back home, the exuberance over the corporate tax rate cut seems to have fizzled out amid the lingering concerns over the health of the economy. The RBI monetary policy outcome on October 4 and September quarter earnings next month are the two major factors that will dominate the mood of the market going forward.
Global sentiments turned negative after US lawmakers, on September 24, called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world's largest economy.
Back home, the exuberance over the corporate tax rate cut seems to have fizzled out amid the lingering concerns over the health of the economy. The RBI monetary policy outcome on October 4 and September quarter earnings next month are the two major factors that will dominate the mood of the market going forward.