The equity markets continued to bleed profusely in the week ended March 20 as coronavirus fears roiled investor sentiment worldwide. The carnage was doused, albeit slightly, by the relief rally on Friday, but the overall mood still remains sombre despite stimulus packages from various central banks across the world.
The BSE Sensex and Nifty cracked more than 12 percent, the biggest weekly loss since October 2008, the height of the global financial crisis.
Experts feel the regulator’s measures may support the market from free-fall, but the sentiment is so dire across the globe due to COVID-19, that the weakness and volatility are likely to continue till the virus spread gets arrested.
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