Losses Due to Explosive Cocktail, Recovered
The calendar year 2020 has been a roller coaster wild ride for the equity markets all over the world as the once in a lifetime pandemic hit at the start of the year. Nifty and Sensex took a historic toll of 38.3% and 37.8% respectively in March end this year as compared to 31st Dec-19 closing, to fall at the levels of 7,511 and 25,639 respectively. However, no one could have anticipated that the markets will not only recover the losses of March, but will also give eye-popping gains by the end of the year. Nifty and Sensex has gained tremendously by almost 83% each, to end at 13,981.75 and 47,751.33 respectively on 31st Dec-20 as compared to the steep levels of Mar-20. This year has been full of events outside the realm of imagination.
Amidst the down-moves, the domestic market had also witnessed a few up-moves in March-April after the RBI stepped in with emergency liquidity support as the Dalal Street wasn’t able to digest the explosive cocktail of deadly pandemic, resultant global meltdown and weak economic conditions of the world. The turbulence was also felt by the global market as Dow Jones suffered its worst hit and US oil futures turned negative for the first time in the history.
#beelinebroking #stockmarket#stocks#investing#trading#money#investment#finance#forex#investor#business#trader#stock#sharemarket#nifty#daytrading#wealth#forextrading#sensex#success#nse Disclaimer: http://bit.ly/2uLiAVH