Why did the Nifty and Sensex fall on 18 February?

The correction in the markets has continued for the last few trading sessions. One of the main reasons was the panic over the AGR issue and the impact it could have on the banks. In addition, the Moody’s downgrade of India’s next year growth to 5.4% also gave some jitters to the market. Above all, the Chinese virus pandemic continues to spread with the death toll getting close to the 2000 mark and showing no signs of abating. Of course, there have also been disappointments on the inflation front, the IIP growth front and also tepid growth in the third quarter.