Looking forward, we estimate it to trade at Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.
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The Index has a base value of as of India Wholesale Inflation at 6-Month Low. Brazilian Equities Snap 3-Day Winning Calendar Forecast Indicators News. Construction Output Housing Index. More Indicators. National Statistics World Bank. We have a plan for your needs. Standard users can export data in a easy to use web interface or using an excel add-in.
API users can feed a custom application. White label accounts can distribute our data. Share Via. By Vineet Sachdev. April Harshad Mehta Scam The post-economic liberalisation era witnessed one of the most notorious scams which shook the Indian financial system and what is now commonly known as the Harshad Mehta scam or the securities scam. Get our Daily News Capsule Subscribe.
Thank you for subscribing to our Daily News Capsule newsletter. Whatsapp Twitter Facebook Linkedin. Sign Up. Edit Profile. Subscribe Now. Your Subscription Plan Cancel Subscription. They did this because Libor rates were high. Banks had driven up rates because they were afraid to lend to each other. On Sept. On Thursday, Sept. On Friday, Sept. The Fed's announcement confirmed that credit markets were partially frozen and in panic mode. On Saturday, Sept. The Dow bounced around 11, until Sept.
The governments of the world were forced to provide all the liquidity for frozen credit markets. Congress finally passed the bailout bill in early October, but the damage had already been done. The Labor Department reported that the economy had lost a whopping , jobs in the prior month. On Monday, Oct. The funds needed the cash to meet a continuing barrage of redemptions. But the Libor bank lending rate rose to its high of 3. The Fed also coordinated a global central bank bailout.
By the end of October, the BEA released more sobering news. The economy had contracted 0. The nation was in recession. The month began with more bad news. The Labor Department reported that the economy had lost a staggering , jobs in October. By Nov. On Jan.
Investors believed the new Obama administration could tackle the recession with its team of economic advisers. But the bad economic news continued. Soon afterward, President Barack Obama's economic stimulus plan instilled the confidence needed to stop the panic. On July 24, , the Dow reached a higher plane.
It closed at 9, For most, the stock market crash of was over. Investors bore the emotional scars from the crash for the next four years.
On June 1, , they panicked over a poor May jobs report and the eurozone debt crisis. The Dow dropped points. In , the stock market finally recovered. Stock prices rose faster than earnings, creating an asset bubble.
The Dow continued setting higher records until February Like many other past stock market crashes, it did not lead to a recession. The correction ended in August , and the Dow ended at 23, The stock market crash of was as a result of defaults on consolidated mortgage-backed securities.
Subprime housing loans comprised most MBS. When the housing market fell, many homeowners defaulted on their loans. These defaults resounded all over the financial industry, which heavily invested in MBS.
Consequently, companies doing business with these banks were negatively affected, and this pummeled their stocks, in turn. The scale of the banking crisis led to a failure of confidence in the U. As a side effect, the stock market crashed in the fall of The U.
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