After 9 years, there was great fear in the market, there was not so much fear even in Corona, lower circuit in 500 shares

New Delhi. Monday passed like a nightmare for the stock market. Selling was seen in all the markets around the world including European and Asian markets. How could the Indian stock market remain untouched by it? There has been a huge fall of more than 2200 points in Sensex and a huge fall of about 700 points in Nifty50. The possibility of war in the Middle East and the fear of the US Fed’s decision weighed heavily on the Indian markets. Today, such great fear was seen in the stock market, which was seen 9 years ago.

India VIX is called the fear meter in the stock market. This is an indicator, which measures the fear prevalent in the market. The higher it is, the greater are the chances of a market decline. If it remains below this, it is considered a sign of calm or gradual rise in the stock market. On Monday, it jumped 52 percent in a single day. Earlier, a similar scene had happened in 2015. Even in Corona, the market had fallen very rapidly, but Vix did not rise so much in a single day.

Also read – Market fell due to recession and war, famous shares crashed, is this the right time to invest money?

On Monday, India VIX crossed the level of 20 with a jump of 52%. The biggest one-day jump for the index since August 2015. Market expert Prakash Diwan said, “This week is going to be difficult. “And global markets are telling us that it would be better to focus on stock specific activities within our markets.”

Lower circuit in 500 shares
There were some 500 stocks of BSE which reached the limit of their lower circuit in Monday’s trading. These also include strong names like Reliance Power Limited, Jaiprakash Power Ventures Limited (JP Power), Cochin Shipyard Limited, Garden Reach Shipbuilders and Engineers Limited (GRSE), Vari Renewable Technologies Limited and Swan Energy Limited.

It is understood that delay in cutting federal interest rates will lead to recession in America and withdrawal of money from foreign countries. Amidst this fear, all the indices were seen trading in the red with midcap and smallcap indices falling by up to 4 percent.

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