At a time when the sell-off has left investors across the world worried, Mahindra Group Chairperson Anand Mahindra has some advice — Pranayama, which in yoga is the practice of breath regulation.
“Never a better time to deploy the ancient Indian practice of Pranayama. It’s about breathing deeply and looking inwards,” Mahindra said in a post on X. He added that India’s “rise will not be impeded in the medium to long term.”
The Indian equity benchmarks NSE Nifty 50 and BSE Sensex took a sharp downturn on Monday, August 5. The Nifty index crashed almost 3%, and Sensex slumped more than 2,000 points.
The India Volatility index surged more than 50% as the sell-off in the domestic and global markets intensified, the biggest single-day surge since August 2015.
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The Nifty index slipped below the budget-day low of 24,074 and is extending losses with heavyweights contributing to the downside. Investors’ wealth was eroded by ₹9.51 lakh crore, following a crash in the equity markets where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers.
The sell-off is led by Asian markets with the Nikkei 225 index declining over 12% and trading in the Kospi has come to a halt with the index hitting a lower circuit. The Taiwanese index also shed more than 8%.
In the US, Dow Jones futures are down over 400 points, the Nasdaq futures are down 700 points.
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