Nifty Fall 6.1% in july month |
Reasons to fall stock market: 5th July After Budget
- Share Market July worst month.
- The Figures show that in July 2019.
- The Nifty has rolled 6.1% percent 11842 to 11122.
- While the Sensex dropped 5.4 percent just one month.
Fii July data |
Why these circumstances.
Long-term capital gains (LTCG):
- Budget impacted long-term capital gains tax has been increased for foreign portfolio investors (FPIs),So in july,there was a huge sell-out by Fii -16870.13 crore.
- At the same time the government also rejected the demand for exemption in it.
- The loss of auto sector is also responsible,the auto sector's share in the month of July, under the leadership of Maruti Suzuki, got tarnished.
Loss due to foreign reason:
- Due to the fear of US job data.
- US China trade war this month, the market condition worsened.
Post a Comment