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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.
BENGALURU (Reuters) -India's economic recovery from pandemic-related shutdowns is at risk of a further delay in the six months that are left of this fiscal year, according to economists in a ...
India declares a heatwave when the maximum temperature is 4.5 degrees C to 6.4 degrees C higher than usual and a severe heat wave when it is 6.5 degrees C higher than normal or more.
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]
Yet, seasonal strength could help stocks recover quickly. Investors are wading back into the stock market after staging a spectacular retreat on Wednesday, but trouble could still lie ahead.
However, after reassurance from the Finance Minister of India, the market bounced back to close at 16,730 with a loss of 875 points. [ 66 ] Over the course of two days, the BSE SENSEX in India dropped from 19,013 on Monday morning to 16,730 by Tuesday evening or a two-day fall of 13.9%. [ 66 ]
[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 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 ...