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A $1 trillion jolt: Selloff in Indian stocks burns retail investors, fans economic risks.
stock :: 1day ago :: source - reuters
By Bharath Rajeswaran, Siddhi Nayak and Vivek Kumar M
BENGALURU/MUMBAI March 13 (Reuters) - As India's longest equity slump in nearly three decades wipes out roughly $1 trillion in market capitalization, the major blow to retail investors is denting consumer spending and threatening to further slow growth in the world's fifth-largest economy.
Investors trying to catch their breath may have to wait longer for the selloff to ebb, analysts say, as uncertainty about the impact on global growth from a burst of policies under U.S. President Donald Trump adds to worries over weak domestic earnings and persistent foreign outflows.
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A $1 trillion jolt: Selloff in Indian stocks burns retail investors, fans economic risks
1day ago :: :: reuters
