Zerodha founder and CEO Nithin Kamath explains why India seems to have weathered the storm. A sharp drop in tech stocks on the Nasdaq 100 Index has erased around $1.5 trillion in the past three days.
The world's largest crypto has fallen 20.20% in the past seven days and 28.19% in the past one month. The fall seen in the context of larger sell-off in the global market amid weak sentiments.
Sharma's comment comes as the Indian benchmark indices opened in the red for the fourth session in a row, weighed down by geopolitical tensions and rate hike fears.
Indian benchmark indices, Sensex and Nifty, are expected to open higher on Thursday, following strong cues from Asian peers, and a positive finish at Wall Street in overnight trade
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
