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it has been the proverbial blood bath on Dalal Street India stock markets witnessed a meltdown with the sensex closing down by 2.7% losing over 2,200 points and the Nifty to down by 2.7% losing over 660 points on Monday the 5th of August itamp;#39;s the biggest sell-off since the one on the 4th of June when Indiaamp;#39;s election results were announced around 15 lakh CR rupees of investor wealth was wiped out these are the factors that caused the crash number one recession fears in the US economic data coming from the US economy have spooked investors in the US and across the world first it was the weak manufacturing data and then it was the weak jobs data for the month of July 2024 Julyamp;#39;s payroll data showed that the US unemployment rate jumped to a near three-year high of 4.3% last month against 4.1% in the month of June July marked the fourth consecutive monthly increase in the unemployment rate in the US the data added to concerns that the US economy was slowing more rap
