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[331] [332] On 26 February 2021, India's GDP was back to pre-lockdown levels. [333] Due to low base effect a number of infrastructure sectors such as natural gas and cement saw high double digit growth in March 2021; a number of related sector such as coal were still in recession. [334]
The market closed with the KSE 100 index down 3.1%. [193] In India, the BSE SENSEX closed 1,942 points lower at 35,635 while the NSE Nifty 50 was down by 538 points to 10,451. [194] The Washington Post posited that coronavirus-related turmoil could spark a collapse of the corporate debt bubble, sparking and worsening a recession. [195]
The election results helped deliver the stock market's best monthly gain of the year, with the Dow Jones and S&P 500 rising 7.5% and 5.7%, respectively in November.
On 9 November 2016, crashed by 1689 points, believed by analysts to be due to the crackdown on black money by the Indian government, resulting in frantic selling. The Sensex nosedived by 6% to 26,902 and the Nifty dropped by 541 points to 8002. These were said to be due to the demonetization drive by the Modi government.
But there's no crash in sight, according to one expert. For premium support please call: 800-290-4726 more ways to reach us
The national tender volume index (OTVI.USA) has increased 4.5% since January 23. Weather has been the biggest disruption, especially in the Midwest, where temperatures have hit subarctic levels ...
The former Indian Finance Minister P. Chidambaram expected India's economy to "bounce back" to 9% during FY2009. [33] India's then Prime Minister Manmohan Singh said that the government will take measures to ensure that the economic growth bounces back to 9%. [34] Nevertheless, India's overall growth of GDP in 2008-09 was 6.7%. [35] The Asian ...
NEW YORK (AP) — Wall Street rallied Monday to claw back almost all the losses from its slow start to the year. The S&P 500 jumped 1.4% to pull within 0.7% of its all-time high set two years ago.