Black Monday: Sensex, Nifty Nosedive; Social Media Responds With Recession Memes

The internet never fails to add a touch of dark humor with meme even in serious situations. The recent stock market crash has had a widespread impact, affecting not just India but also major markets like the United States and Japan. The ripple effect has extended to other key Asian economies as well.

The recent ‘Black Monday’ crash was triggered by a weak US jobs report, showing a 4.3% unemployment rate, which suggests the US economy might be slowing down or heading towards a recession. The yen has also dropped due to rising tensions in the Middle East. As a result, India’s Sensex and Nifty fell by over 3% each. Japan’s Nikkei dropped by 12% because of the yen’s decline. Other markets affected include those in London, Taiwan, Seoul, Shanghai, and Hong Kong.

It’s no surprise that the internet’s go-to response, ‘Chin Tapak Dum Dum,’ which has been used for everything lately, has also made its way into this situation.

#sensex#nifty50 pic.twitter.com/Tf87wGoi7J

— 🇮🇳 Vipul 🚩🚩🚩 (@Iminyoursoul2) August 5, 2024

Given the global impact of Black Monday, the internet has naturally turned to humor. With stock markets around the world showing red due to the sharp drops, it’s clear that Black Monday has caused a lot of chaos in personal finances.

Black Monday #BuyTheDip… pic.twitter.com/BwZTVXTq63

— Meme Kingdom (@MemeKINGD0M) August 5, 2024

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#stockmarketcrash
Today the portfolio is moving above the danger mark. Looks like a tsunami has arrived.🔥🔥#stockmarketcrash #market
“Middle East” #recession #Hockey  #blackmonday pic.twitter.com/rvDX2acl7T

— Nagendra pandey (@nagendr_24) August 5, 2024

Several popular Indian meme templates, including those from CID, Scam, 3 Idiots, and Gangs of Wasseypur, have been cleverly adapted to fit the current situation.

Keep Calm Yourself ! this storm will pass…#stockmarketcrash #nifty #sensex #RecessionIScoming pic.twitter.com/ENNUEFoCi5

— Om Katiyar (@omkatiyar533) August 5, 2024

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