2 lakh crore shock to the Indian stock market, foreign investors started running away? – World

Election season is going on in India. As a result of the political confrontation, chaos is increasing in the country. This situation is also affecting the economy. The political confrontation and the prospect of Narendra Modi coming to power once once more is undermining the confidence of foreign investors as there is a fear of increasing intransigence of the Modi government if he remains in power.

On Thursday, India’s largest stock exchange, Mumbai, was suddenly in a state of uncertainty. In no time, there was a drop of 600 points and investors lost Rs 2 lakh crore.

The Modi government has been trying hard to attract foreign investors to invest in India. Seeing the big market of India, foreign investors had also invested on a large scale, but now, seeing the conditions of the country, the confidence of foreign investors is wavering.

Outside investors sold their shares in a big way on Thursday. The steps of the domestic investors have also started to waver due to the huge withdrawal of capital by them.

At the close of trading on Thursday, the total capitalization of the stock market had declined by Rs 2.19 lakh crore. Now the total capital is 398.5 lakh crore. Sensex (core index) is down 600 points at the level of 72866 points.