What caused Black Monday for Indian stock Market?

posted by   arvindkatoch1 (51)   10 months ago (www.thoughtsofanordinaryman.com)

Today, Indian stock market saw an historical fall with market losing more than 2000 points in a single day, though market latter recovered 600 points and finally closed at 1408 points down. This 7.4 % downfall was one of highest downfall not for Indian stock market but in terms of world market also. Today, market was on complete downfall mood with 1218 declines and only 8 advances in stock indices.