As predicted in the last post,the Indian share markets opened huge gap down today due to the official declaration of Recession In USA. This news enough to pull the markets down across the world.Indian markets opened more than 325 points down in Sensex.Nikkei-225 happen to close down by 6.35% in todays trade.Hang Seng was down by 5%.

Realty stocks were the worst hit along with auto stocks like Maruti.All the major stocks closed down like Infosys,TCS,RIL,L&T,ICICI,SBI,BHEL,Tata Steel Etc.But towards the end of the trading,Indian markets recovered well and finally sensex closed 101 points down at 8739 levels and nifty was down by 25 points.Rupee also closed down at 50.53 levels against dollar.Oil has also fallen to 3 years low of $48/barrel.

There is some good news though which is coming from the US markets currently. The US stock futures are currently trading up after a huge fall in yesterday’s trade in Dow and Nasdaq.This indicates a probable rise in Dow and Nadaq today when they open after a few hours. Some sort of recovery may come in US stock markets today and hopefully some in Indian markets too tomorrow.

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