http://www.pr-inside.com/mumbai-sen***-below-15k-awaits-euro-clue-r631754.htm
2008-06-09 09:27:24 - TheMumbai stock market bench mark moves
vertical downwards sheds 600 points with latest available re****ts at
12.45 PM and Nifty at 4400 likely to have sup****t,sen*** at 15K awaits
European markets if plummets the indian stocks to have deep downswing.
Europe markets have nothing much in their store as they are not rich
producer of oil and its hike will have negative effect on their
markets too.
Global rising crude prices and inflation, battering economy in most
developed and developing nation has its toll in stock market the
barometer of economy.The stock market today plunged by 513 points in
early trade on selling in heavy-weight stocks.
..
The rising crude prices and inflation,on expected lines,the stock
market today plunged by 513 points in early trade on selling in heavy-
weight
stocks. Latest re****ts reveal that its nosedive continues.Nifty touch
years lowest 4458 making fresh low of 4434.
The Bombay Stock Exchange benchmark index, Sen***, fell 575 points to
14997 points in the early hours and in first five minutes of trade
lost 500 points in line with weakening global markets.
The wide-based National Stock Exchange index's Nifty dipped below
4,500 points level by losing 141.15 points to 4,476.65.
Marketmen said re****ts of weakening trends in global stock markets on
concerns rising crude oil prices, which had surged to all time high of
USD 139.12 a dollar per barrel on Friday and an increase in US
unemployment rate mainly dampened the trading sentiments here.
Asian markets were also in negative zone. Singa****e shares were
trading Early about 2 per cent down while Japan's Nikkei-225 index
fell more than 2 per cent in early trade.
Breaking the lowest of both Nifty 4500 and Sen*** breaking 15000 is
clear cut indication that vertical run time of stock market is over
and market will move both ways with weekly result in downward
directions.
A General election year with states election in five states and
situation of political flux coupled with agitation on price rise along
with the crude price rise unprecendent levels inspire Bear time hammer
with ease.
FII is making extracting their money from indian stock markets and
investing in more safe destinations.
Mumbai stock exchange to rattle with scam as re****ted in TV news
channels of more than thousands crore due to Junhjunwala, his
coustomers committment unable to be completed and be declared lame
duck.
Only silver linning is normal rain expected and crops in abundance may
make stock market reprieve to some extent.
In the US, Dow Jones Industrial Average plunged 3.13 per cent while
the tech-heavy Nasdaq composite fell 2.96 per cent.
Early hours Asian markets were also in negative zone. Singa****e shares
were trading about 2 per cent down while Japan's Nikkei-225 index fell
more than 2 per cent in early trade gave india stock market a clue in
negative.
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