21 January 2008
फायर वितौत light
Nifty showed its ashes one by one when Nifty breakes 5550 the we will just thinking of last level 5389 but it comes in few mins then your last level is 4980 and with in a 20 min we see that level some bounce is expected from here and nifty did and closed 5209 this is the last level to sustain (4980)nifty towords recovery if nifty divorced this level we soon see 4500 the biggest problem is that----- In terms of market capitalisation, investors lost over $170 billion in a single day and close to $300 billion in the past six trading sessions when the current downtrend began.Since there a large amount of money is also locked on account of subscriptions to the mega public offering by Reliance Power, future capital. RBI hints at softening interest rates. who knows Rbi will cut rate on not but one thing important to note and discounted in market he will keep eye on crude oil prices. the ongc was dragger of the nifty also ONGC Q3 net dips 6.4 pc on higher subsidy billwords of pm
Ascribing the steep fall in Indian share market indices to a 'correction', Prime Minister Manmohan Singh on Monday said the value of shares in India will continue to grow as fundamentals of the economy remained strong.
"I am confident the markets will grow in an orderly fashion," the prime minister said in New Delhi, while addressing a joint press conference with his British counterpart Gordon Brown.
"From time to time, some corrections are part of market process. I am sure and confident we will sustain orderly growth," the Prime Minister added.
by erectusplus at 17:19:00 |
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