On Black Monday, the Dow Jones Industrial Average in the US plunged 22.6% – the steepest one-day percentage drop in its history. The selloff was triggered by a mix of overvalued markets, rising interest rates and panic selling amplified by computer-driven trading. The stock market recovered most of the losses soon, following intervention by the US Federal Reserve.
Sectoral & thematic mutual funds ruled return charts. Check out top performer
Sectoral and thematic mutual funds have ruled the return chart last week and offered upto 3% return in the same period. Here are top five