Sensex nosedives: Stock market delivers bloodbath
- IndiaGlitz, [Tuesday,September 03 2019]
Days after the GDP rate of India was officially down (at 5 percent), the BSE and NSE sensex today nosedived, leaving everyone disappointed. This was expected and so, the stock exchange bloodbath is not that shocking.
Sensex nosedives 769.88 points to end at 36,562.91, said a headline. If the BSE went down over 770 points, the NSE Nifty fell over 225 points on Tuesday.
There are various reasons for the fall. So Sensex crashes by almost 800 points due various factors like sliding GDP, falling rupee, declining auto sales, fall in manufacturing activity, etc, said a Congress party office-bearer.
Finance Minister Nirmala Sitharaman may well have to take capital-friendly and pro-business steps to stem the tide.