Dollar stabilises, Dow struggles
The sell-off in global equities can continue while the greenback can be range-bound
Equity markets across the globe came under pressure last week. The major global indices witnessed a strong sell-off, indicating the end of the strong rally that has been in place since March last year and also signalling the start of a correction.
Indices such as the Dow Jones Industrial Average, the Nikkei 225 and the Shanghai Composite fell over 3 per cent last week.
On the domestic front, the Sensex and the Nifty 50 were beaten down badly and were down over 5 per cent last week.