5th Aug 2024: India's stock market fell 2.7% due to US job stats, slowing growth, and recession fears.
5th Aug 2024: India's stock market faced a significant single-day decline, with both Sensex and Nifty 50 falling by 2.7%. The crash, triggered by US job stats and slowing economic growth, led to humorous memes on social media, using Indian TV shows, movies, and characters to comment on the market situation. The crash was attributed to recession fears, Middle East tensions, stretched valuation, technical factors, and Q1 results.
August 05, 2024
3 Articles