S tock Market Meltdown: Why It Crashed Like a Bad Hangover! π΅πΊ Today, May 13, 2025, the stock market took a nosedive that had investors clutching their hearts like they just saw their portfolio get Thanos-snapped! π«π₯ The Sensex tanked 1,281.68 points (1.55%) to 81,148.22, and the Nifty plummeted 346.35 points (1.39%) to 24,578.35. Investors were screaming, “What the hell, who wrote this cursed day?!” π± as they watched their money vanish faster than a biryani plate at a buffet. π So, why did the market crash like a drunk uncle at a wedding? πΊπ Here’s the tea: Profit Booking Frenzy π° : Yesterday (May 12), the India-Pak ceasefire news had the market jumping like it just got a shot of adrenaline! π₯³ Sensex soared 2,975 points, and Nifty climbed 916 points. But today, investors were like, “Yo, we made bank, time to cash out and run!” π♂️ They dumped stocks faster than you’d ditch a bad date, causing the market to wail, “My dreams are shattered!” π US-India Trade War Drama ?...
The recent postponement of IPL 2025 has sent shockwaves through the cricketing world, and the financial implications are staggering. According to estimates, the Board of Control for Cricket in India (BCCI) is set to lose a whopping ₹300-420 crore due to the delayed matches. With 16 matches still pending, including 12 league fixtures and 4 playoff matches, the loss is expected to be significant. The BCCI is estimated to lose around ₹100-125 crore per match, which translates to a substantial amount considering the number of matches affected. The broadcaster, JioCinema, is also expected to bear the brunt of the postponement, potentially losing ₹1,900 to ₹2,000 crore in revenue for the season. This is a significant blow to the cricketing ecosystem, and the impact will be felt across various stakeholders. The insurance coverage might help mitigate some of the losses, but the BCCI and franchises are expected to absorb nearly half of the loss, around ₹50-60 crore per game. The lost revenues f...