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Stock Market crash: Sensex sank 1,600 points!
By: Tupaki Desk | 9 Nov 2016 5:10 AM GMT
Indian Stock Market crashed, not just because of the bold decision of PM Narendra Modi to impose a ban on Rs 500 and Rs 1000 currency notes. This negative impact was mostly due to unbelievable performance of Republican Party candidate Donald Trump in the US Presidential polls.
On Wednesday morning, Sensex sank 1,600 points and trading at 26,976. Whereas, Nifty came down to 8,000-mark and had seen a slight recovery.
Had if Hillary Clinton is in leading, Global Stock Markets would have seen an upward trend. With Trump taking the lead, US dollar sank and Dow futures has fallen by 3 percent. This situation could lead to a heavy loss for Wall Street. Apart from Asian stock markets, There is a downward trend in many other countries.
Analysts say, Even scrap of Rs 500 and Rs 1000 had an impact on Indian stock market. But, Its the US Presidential Election which had a major impact.
On Wednesday morning, Sensex sank 1,600 points and trading at 26,976. Whereas, Nifty came down to 8,000-mark and had seen a slight recovery.
Had if Hillary Clinton is in leading, Global Stock Markets would have seen an upward trend. With Trump taking the lead, US dollar sank and Dow futures has fallen by 3 percent. This situation could lead to a heavy loss for Wall Street. Apart from Asian stock markets, There is a downward trend in many other countries.
Analysts say, Even scrap of Rs 500 and Rs 1000 had an impact on Indian stock market. But, Its the US Presidential Election which had a major impact.
