The year 2023 has not been good for the Indian stock market. If you look at the figures, the biggest decline has been seen in the stock market of India among the 10 largest markets of the world. Most of the investors’ money is also immersed in India.
Share Market: The strength of the Indian stock market has been accepted by everyone all over the world. Especially during Kovid, where big markets were falling upside down, India’s indices were trading at high. In March 2020, the Indian market had undergone a metamorphosis. The year 2023 has not been good for the Indian stock market. If you look at the figures, the biggest decline has been seen in the stock market of India among the 10 largest markets of the world. Most of the investors’ money is also immersed in India. Here the figure is around 11 percent. These figures are the worst in the year 2020 after the figures of the first three months.
How much fall in Indian markets this year
On the other hand, global markets have been seen doing business on this green mark. That too at a time when the pressure to increase the interest rates is constant. Talking about the last few weeks, Sensex and Nifty have seen a decline of about 4 percent. In the last month, both the major indices of the stock market had lost more than 6 per cent. This year, the Sensex has seen a decline of more than 5 percent and the Nifty has seen a decline of more than 6 percent. This year, foreign investors have pulled out more than $2.69 billion from the Indian markets.
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There has been a boom in foreign markets
Compared to the Indian markets, there has been a significant increase in the market cap of the rest of the stock markets of the world. The market cap of US stock markets has increased by 2.05 percent in the March quarter. During this period, the mcap of China’s stock markets has seen a rise of about 6 percent. The stock market of Japan has seen an increase of 1.3 per cent, Hong Kong 1.6 per cent and France 8 per cent, United Kingdom 0.77 per cent, Canada 1 per cent, Saudi Arabia 0.13 per cent and Germany 8.64 per cent in the March quarter.
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Investors lost about Rs 27 lakh crore
As there has been a decline of 11 percent in the market cap of the Indian stock market. This means that Indian investors have suffered huge losses during this period. If we look at the market cap figures of Bombay Stock Exchange, it was Rs 2,83,80,992.30 crore on January 1. Which has fallen more than Rs 2,55,90,606.71 crore today. This means that during this period there has been a decline of about Rs 27 lakh crore in the market cap of BSE. Which is the highest after the March quarter of the year 2020.
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Except India, the stock markets of the world became rich in the month of March.
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Why there is a decline in the markets of India
Recently, after the failure of two US banks, there is more selling pressure in the Indian markets amid falling global markets. The possibility of which is being seen even further. The major shareholder of Credit Suisse, Switzerland’s second largest bank, has flatly refused to invest further. Due to which there has been a big fall in the shares of the bank on March 15, due to which the sentiment of the investors has suffered a big blow. On the other hand, Moody’s has changed the outlook of American banks from stable to negative.