The prospect of demand destruction is growing, with the Organization of Petroleum Exporting Countries predicting just a slight rise in oil supplies next month and an unknown but potentially big portion of Russia's 11 million daily barrels falling off the market as economic sanctions bite. That's a fancy word for what would appear to most of us as a recession.
Thousands of new, youthful, and, most significantly, retail investors came to India's equities markets, attracted by the promise of high returns and wealth building.
With a loss of 231 points, SGX Nifty trends imply a gap-down opening for the broader index in India.