Fear and panic are not the equity market’s best friends. The 3 C’s – coronavirus pandemic, crude oil slippage and the credit risk averseness witnessed are cumulatively causing panic on the D-Street, Mayuresh Joshi, Head of Equity Research – India, William O’Neil India, said in an interview with Moneycontrol’s Kshitij Anand.edited excerpts:Q) The Sensex broke below 30,000 to hit a fresh 3-year low and is down more than 12 percent in the week ended March 20. An enormous amount of wealth has been already eroded. What is causing the panic in the market, is it fear driving it downwards?Close A) Fear and panic are not the equity market’s best friends. The 3 C’s – coronavirus pandemic, crude oil slippage and the credit risk averseness witnessed are cumulatively causing panic on the D-Street. related news Coronavirus | Pornhub’s massive porn library to be free for next 30 days ‘Great time to purchase high quality stocks, though economic slowdown is inevitable’ Coronavirus pandemic | India’s huge outsourcing industry struggles with work-from-home scenario The magnitude of the unknowns as to how the contagion might spread further and when it shall peak is causing enormous disturbances in lockdown areas across the globe.This is leading to the widespread… Read full this story
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