A Short Relief To Market

After Dericiating and breaking the lower circuit of 10K, now sensex showing green mark from last two days. On Monday, 20 Oct. It increased by 248 points and closed at 10223. And on Tuesday it opens with a little increase of 100 points and then gone upto 10710 making intraday increase of 487 points. However on monday Dow Jones opened below the previous days close but still indian market increased. Yesterday Dow closed at nearly 5% increased and with these markets most of the asian markets and europian markets also showed green marks. Thus global markets are feeling a bit relaxed.

What is the Impact Of Financial Cricic In India

There is no 2 option left that there is financial cricis going out all over the globe. This is very true and it cannot be tolerated. But certained with this truth there is one more truth that due to Interference of goverment in financial sector and in banking sector, India is not that much affected by this cricis with respect to other nations. The base of indian Finance and its ministry is really strong. World Bank and Currency department said in there surveys that however there is so much crash in market but still india will have theer groth rate more than 7.98% in the year 08/09. And also some of the other specialist says that tha Growth rate can reach above 8.5%. Nearly about 20 years there has been a great rainfall in our country due to which the scientists have prospected that the agricultural geoth will be 10% more than the average growth this year. There is still enough currency liquidity in the indian Banks.

Gold touching Heights

As the Equity and cash markets in global level are running down thus in just opposite manner the gold rate is increasing day by day. Gold is assumed to touch 1000$ heights. The diwali festival is still to come after 20 days but gold has started touching its heights before diwali. It is currently near 14000 per 10 grams. Similarly silver is also is also increasing. Where as the crude slips down nearly to 78$. This the the lowest rate tuched by crude oil after so many years. In currency topics Rupee is still falling and touched the history downfall and counted nearly 50Rs per Dollar.

Financial Cricis In Global Market

Friday, 10th of october, a Black Friday This time. The sensex downs nearly 800 points and nifty near about 230 points. The week was da worst week ever in the history of global market. The Us market (Doe Jones) has downed to touch the lower history and marked below the 8000. But after reaching the lows it climbs up again and at the end closes down at 8451 pts with 128 points down. NASDAQ closes with green mark and slides to limited of 4 points and closed down at 1650. Rest of the market like Nikke 225 : 8275 close with 881 pts down, Straits Times close 1948.33 with 154.38 pts down, Taiwan Index close 5130.71 with 75.69 pts down, also european markets closes down nearly 8%.