MARKET CONDITION

TODAY'S SITUATION TO A MARKET:

2 MAJOR REASONS!!

1) WARNING !!! CORONAVIRUS 

• Indian travel industry suffers losses as high as Rs 200 crore due to Coronavirus outbreak

•  The trade impact of the coronavirus epidemic for India is estimated to be about 348 million dollars.

• After the latest cases that have emerged, the total count of Indian patients has shot up to touch 73.

• Twenty-nine countries have shut schools nationwide, impacting almost 391.5 million children and youth. 

2) CRUCIAL STAGE TO BANKING SECTOR!!!!

KEY TAKEAWAYS:

• The banking industry is an economic sector at the forefront of the U.S. economy.

• Banks only have to keep 10% of each deposit made to them and can use the remaining money for loans.

• Banks must adhere to specific government regulations.

• During the 2008 financial crisis, some big banks, such as Citigroup and Wells Fargo, had to be bailed out by the federal government.

RECENT HIGHLIGHTING FACTS:

IPL 2020 postponed to April 15 due to coronavirus.

The volatility in Crude oil adds a new layer of risks to INDIA.

Yes Bank rescue: ICICI Bank, HDFC, Kotak could play big roles in SBI's plan.

INVESTORS SEEK FRESH FORENSIC AUDIT OF YES BANK AS KAPOOR FACES PROBES.

DHFL TO FACE TRANSACTION AUDIT ON YES BANK.

BEING VIGILANT IS NECESSARY TAKING DUE CARE TO OUR ECONOMY....

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