The 30-share BSE index recovered some of its losses in early dealings, trading 54.98 points, or 0.10 percent, lower at 52,920.82, while the broader NSE Nifty dipped 11.55 points, or 0.07 percent, to 15,844.50.
Safe assets like gold, Japanese Yen and US treasuries have rallied sharply during this time of distress but unlike treasuries, gold hasn’t been able to hold its gains, writes financial analyst Praveen Singh
It is difficult to predict how the stock market will move. When there is panic, investors tend to make their decisions emotionally, rather than rationally. This is a Black Swan event, whose impact may be deeper and longer than what was estimated a few weeks ago