Sensex Crashes 1800 Points:Reason for sharp fall

The BSE Sensex plunged over 1800 points and Nifty declined over 501 points one of the largest decline in past 5 years .Let me put the reason from both Technical and Fundamental Perceptive

1. Fundamental

• Yuan Devaluation
  

Asian stocks dived to 3-year lows on Monday as a rout in Chinese equities gathered pace, hastening an exodus from riskier assets as fears of a China-led global economic slowdown roiled world markets.
Safe-haven government bonds and the yen rallied on the widespread unrest in the financial markets, set in motion nearly two weeks ago when China sharply devalued the yuan and stoked concerns about the state of its economy.


Continue Reading