Are you interested in learning about the status of India and the US stock market due to Covid-19 in 2020? Well, you might be wondering why we should even be concern about foreign markets instead of the Indian market.
The global market plays a very important and direct role in the local market. So, if an event is affecting the global market it will likely affect the local market. It happens because all countries are somewhere dependent on each other.
So, if we talk about the Market condition of India V/s United States market in the Covid-19 events of 2020. Then Absolutely yes, Indian markets did crash but not as much as U.S Markets.
Facts & Figures from SEBI
In fact, there was a circular given by the Securities and Exchange Board of India (SEBI) which had given statistics about how much the global market has impacted the Indian market. That circular was released by SEBI in late March 2020. The Indian market by the end of March 2020, had crashed only 10 % which was lesser than any other Developed countries market or advance the Global Market.
For instance, Europe and the United States had lashed by almost 40 % then but the Indian market on the other end did not even corrupt by 35%. The Indian market was almost 10 percent up in the comeback position. or we can say 10 % lower than other markets crashing.
Ways of Interpretation
There are two ways to interpret it, the Indian market is really strong or, the interpretation is that the Indian market may crash more in the coming days which it did. There was also a saying that it was an ideal time to invest in Index funds. If you interested and know about Index funds.
Note: This article records events till April 08, 2020, in the occurring event of Covid-19. So, all of the information provided to you in the above article is based on the data and events prior to the published date.