Equity Market Slowdown Due To Budget Effect

Attributing the recent crash in stock market to global factors, Finance Minister Arun Jaitley today said there was no need for “exaggerated panic” and investors should keep the economy’s inherent strength in mind while investing. There could be several reasons, which are predominantly outside the country, the uncertainty in the Fed rate or what’s happening in Europe or the slowdown anticipated in China. Now, these global factors will remain and will have to be tackled globally by those economies. The Sensex ended up 34.29 points or 0.1 percent at 22986.12 and the Nifty was up 4.60 points at 6980.95.