Due to the downturn in global stock markets, the Indian stock market is heading towards its biggest single-day decline in two months
News on August 5, India's main stock index is set to record the biggest drop in two months, due to global sell-offs triggered by concerns about a slowdown in the U.S. economy, which weighed on local stocks. The NSE Nifty 50 Index fell by as much as 3.3%, marking its biggest single-day drop since June 4 when Prime Minister Modi's party suffered an unexpected setback in elections. The BSE Sensex Index experienced a similar decline. Traders' views on future volatility have changed dramatically, with the NSE's India Volatility Index - an indicator measuring price fluctuations over the next 30 days based on option prices - rising by up to 62%, marking its largest increase since August 2015.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Due to yen weakness and government subsidies, Japan has lowered the price of Tesla (TSLA.US) Model Y to below $23,000.
Tesla’s best-selling electric vehicle model is now being sold at the lowest price globally in Tokyo.
Equities: Strong rebound supported by earnings growth – Danske Bank
Bridgewater: Most AI infrastructure trades are already priced in, only holding a "very small position"
Bridgewater CIO Greg Jensen warns that assets related to AI infrastructure have already been significantly priced in by the market, and the excess return opportunities of two years ago are fading. The fund has reduced its positions to a "very minimal" level. According to system modeling through 2028, the upside potential for assets such as chips and data centers is now very limited and faces risks of financing and construction delays. Bridgewater's strategic focus has shifted to AI disruption and application sectors.
Crypto prices
More
