Corona Virus Impact on Indian Economy & Stock-Market

[Akash1886]

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]

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.

Those 1-1 shares were bought long time back

Profit within 2 days on 20k investment - around 1300rs.

 

[Nairrk]

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:

 

[Akash1886]

PIB Twitter.

Regards
Akash

 

[Akash1886]

Friends,

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

RBI Website

Regards
Akash

 

[Akash1886]

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

Regards
Akash

 

[Akash1886]

Directives issued by Govt Of India for Lockdown 2.0 in India w.r.t Working of various sectors. Details of S.O.P

Credit: Spokesperson of Ministry of Home Affairs Official Twitter

Regards
Akash

 

[vaibhav]

one of my cousin lost her job as her US client has no projects to give. The economic depressions of this covid will be incredible and hit our near and dear ones if not us for now

 

[Akash1886]

A quote from Mr. Vipin Sondhi, MD & CEO, Ashok Leyland, on amendment made to the FDI policy.

“The decision by the Government to amend the Foreign Direct Investment (FDI ) policy to put a blanket ban on investments through the automatic route by entities from countries that share a border with India, is a positive step in these uncertain times. It will enable safeguarding of Indian businesses against opportunistic takeover threats, as they become tempting targets in the current scenario.”

Regards
Akash

 

[Akash1886]

Credit: CNBC TV18

Regards
Akash

 

[Akash1886]

A quote from Mr. Vipin Sondhi, Managing Director & CEO, Ashok Leyland Limited, on attracting investments to India.

“The current situation presents an opportunity for our country to attract FDI from corporations.

Over the next 18 - 24 months, we as a nation would do well to focus on developing state-of the art, technology enabled industrial parks owned by the State Industrial Development Corporations or co-owned through Public Private Partnerships or through 100% Private investments.

These must be supported with proper infrastructure including electricity, water, manpower availability, land availability, etc. which improves ease of doing business.

Each State has a unique combination of strengths that could be the basis of forming clusters in these parks to cater individually to a sector most suited such as Engineering, Automotive, Textile, Pharma, Electrical Hardware and so forth.

India has the ability and a window to collectively refocus on its Make in India initiative by creating jobs, infrastructure, and de-risk its supply chain dependency. It can be our moment and we must attempt to seize it.”

Regards
Akash