The media is always after 'cause and effect' so you will read everywhere that markets corrected because of SEBI action against 300 shell companies.
Really?
Here is the NIFTY chart showing the correction. The other charts are global market indices which have corrected exactly at the same time.
So does it mean that the SEBI action had a strong effect in other markets also? Obviously not.
NSE NIFTY
UK FTSE
US S&P500
China SSEC
Hangseng chart
Incidentally all the local media in above countries will have their own explanations as to why the fall happened. And they will immediately come up with another reason when you tell globally all markets corrected at the same time.
Really?
Here is the NIFTY chart showing the correction. The other charts are global market indices which have corrected exactly at the same time.
So does it mean that the SEBI action had a strong effect in other markets also? Obviously not.
NSE NIFTY
UK FTSE
US S&P500
China SSEC
Hangseng chart
Incidentally all the local media in above countries will have their own explanations as to why the fall happened. And they will immediately come up with another reason when you tell globally all markets corrected at the same time.
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