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Madhur Achanta

Aspiring Entrepreneu... • 1y

Global Markets fell drastically today and some people are calling it "Crash". Here are few reasons why it happened. 1. The unemployment rate in US stood at 4.3% and most of the US based companies either it be Tech or Consumer company saw a dip in their profits. 2. Goldman Sachs Group Inc. economists have increased the probability of a US recession in the next year to 25 per cent from 15 per cent. 3. Iran and Israel war in the middle east is also a major cause for it. 4. Japan's Yen is constantly losing it's value. All these issues affected Indian markets too. Sensex fall by 2,686 points in Intra-day and closed with a loss of 2,222 points. India vix (volatility index) surged 42% in a single day. Tell me about your views on this. #Markets #Crash #Sensex #Nifty

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