Tuesday, January 22, 2008

Sensex crash yet again

The Indian stock market tumbled for second day in a row today. BSE Sensex lost more than 2000 points in the intra day trade and NIFTY touched the 4500 mark and then both of them started recovering. Now BSE has recovered 1200 points but it is still at 16797 and NSE has recovered 450 points with its current tally of 4894. Mean while, the finance minister has asked the investors to stay calm and he assured them that this fall will not affect the market in the long run. Prime minister, Dr. Manmohan Singh said that Indian economy will not falter as it is having strong foundation and the investors need not worry about their future. Similar trend is reflected in the other Asian and American stock markets too.

0 comments: