Global market crash: From Asian markets to crypto prices, US recession fears jolt financial markets globally
Indian stock market benchmark indices, Sensex and Nifty 50, witnessed a heavy sell-off on Monday as the rout in global equities intensified amid US recession concerns and escalating the geopolitical tensions in the Middle East.
The global equity markets plummeted as the sell-off was fuelled by growing concerns that the US economy is slowing and the Federal Reserve is behind the curve with policy support. Data showed the US jobs market weakening, which triggered a closely watched recession indicator.
“This sell off is more of a short term volatility by way of profit booking and is no indicator of any long term panic mode set in the Indian equities. For investors looking at entering the equity market, a staggered entry during volatile…
