Donald Trump’s Presidential Victory has become one of the big news across the world and it is a damn the shocker. It can also be called as a 9/11 for us (India) in literal terms.
The US has showered Trump with some sweet vote love and India PM Narendra Modi has shown the world that he can take few tough decisions putting common good above all.
Now we can surely say that the Americans went for the known dumbness over choosing Trump over Hillary. The markets have not been that kind to the news. Trumps’s victory has shaken global stock markets in the world especially India.
Indian Stock Market In Lose:
It led to Indian investors to lose nearly Rs 6 lakh crore in trade in the first 15 minutes of trade on BSE, according to the economy reports. In the first 15 minutes, the combined market capitalization of BSE stocks had fallen by Rs 57,3827.36 crore to Rs 105 lakh crore from Rs 111 lakh crore at the end of the previous session.
As PM Modi’s sudden and bold decision of scrapping Rs 500 and Rs 1000 notes is a shock, it is expected to hit many sectors such as real estate, jewelry, and many other sectors, where cash transactions and use of black money is widespread.
During the trade, Sensex slumped about 1,600 points to witness its biggest percentage slump since August 25. The index, however, recovered some bit within an hour. We have to wait and see how long this situation runs and when will the stock markets come to normal status.
What do you say about changes in Indian Stock Markets over Donald Trump’s victory? Share your views in the comments section below.