Monday Mayhem For The Markets | India Development Debate

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Monday Mayhem For The Markets | India Development Debate

On India Development Debate, Monday mayhem for markets. Dalal Street sees wealth erosion of over 4.58 lk cr today. It is not a pretty picture on Wall Street either as global markets are at a 2-month low and Dow tanks nearly 900 points. Is this a temporary correction or a longer trend? Dow on pace for its worst day since June 11. S&P is trading 2.9% lower and is headed for its biggest one-day sell-off since Sept 8. Two major reasons triggering this sell-off is the worsening coronavirus crisis and uncertainty over further stimulus. On this segment of India Development Debate, ET NOW’s Tamanna Inamdar is in conversation with Peter Cardillo, Chief Market Economist, Spartan Capital Securities & Geoff Dennis, Independent Emerging Markets Commentator. Catch the discussion here.