Corona Virus Impact on Indian Economy & Stock-Market


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Akash1886

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Friends,

As our nation along with the world has been facing the grave outburst of the Covid-19 which has terribly shook the lives of citizens across the globe, it is equally important to see it's impact on Indian Economy as well as the Stock Markets here. Many of you would be investing in shares here and would be working in Finance related firms so would like to have your valuable insights about the current financial slowdown and the impact on Economy due to the Corona Virus outbreak.

Here's some info on today's unpleasant and concerning fall of the Nifty & BSE Stock Exchange.

Closing Bell: Sensex cracks 3,900 pts, Nifty ends above 7,600; bank, auto stocks worst hit
Axis Bank, IndusInd Bank and Bajaj Finance are the top losers
Link

Regards
Akash
 

allhyundaicars

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I didn't have much knowledge about shares and how to buy them. My wife does , so yesterday saw zerodha's website to look at the shares. It's a good time to buy since stocks will rise up again but be in limit. We did this for fun and knowledge and won't be spending more than 30k on shares.
We bought shares worth 20k , 10 shares each of hdfc bank and sbi , 2 shares of Bajaj finserve shares and18 shares of Tata Motors
And this was the result.
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Those 1-1 shares were bought long time back [lol]

Profit within 2 days on 20k investment - around 1300rs.
 
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A day after Finance Minister announced Rs 1.7 trillion economic package for country, the Reserve Bank of India governor Shaktikanta Das announced bold measures cut lending rates by slashing repo rate and reverse repo rate by massive 70 bps and 90 bps respectively. He also announced a 3-month moratorium on loans.

Read:
 
Thread Starter #5

Akash1886

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Friends,

Here's the RBI Press Release for the measures taken by it in light of the Covid-19 Pandemic today.

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RBI Website

Regards
Akash
 
Thread Starter #6

Akash1886

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Friends,

Received this e-pamphlet from TMFL Executive today. Would suggest Owner's Discretion prior to opting the moratorium offered as per the RBI Guidelines for Covid-19
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Regards
Akash
 
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