stock investors across the word are in panic now. The one big question they continuously asking themself and to others " is correction over??? more importantly will it come back to its highs???. But no one give a precise answer, all making their worry more and more gloomy. This is the time not to worry about market, rather look at economy or our life. if sensex or nifty is the the reflection of our economy, definitly a drastic will stock market will be followed by similar slowdown in economy. coroporate profits shrink, loss of employment zooms, asset prices tumbles, credit market collapse, and many more difficulties. I do not want hurt your confidence but just make you aware of the situation.
Concerns about a global recession may continue to weigh on the domestic bourses which have tumbled in a global equities rout in the past few days. Lack of buying support has accentuated the decline on the bourses Foreign institutional investors (FIIs) continue to press sales. They have sold shares worth Rs 46,661.20 crore in the calendar year 2008 so far (till 16 October 2008). Investors now await the mid-term monetary policy review by the Reserve Bank of India (RBI) due on 24 October 2008. Some reports suggest that RBI is set to cut the repo (repurchase) rate by a steep 50 basis points, to signal a strong shift in policy focus to growth from inflation. Repo rate is the rate at which RBI provides funds to banks against the collateral of government bonds for a day to three days. On the inflation front, experts feel that the wholesale price index is expected to move downward, and will eventually come down to single-digit numbers by January 2009. Inflation based on the whole price index r...
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