It was a mixed trend the last week of trading in the Indian stock markets. The markets were very volatile the last week towards the end. The $14 billion auto bail out to rescue GM,Chrysler failed in the USA and it had some sort of impact too in the Indian markets. One good news which came was in the form of Inflation figures which were down to 8% in the last week as against 8.4% in the previous week. This was mainly due to  falling crude oil prices and reduction in petrol and diesel prices recently.

The IIP figures or the growth in the Industrial output contracted by 0.4% for the first time in 15 years. It now stands at 1.2% as against about 13% in the corresponding period last year. It is a type of Industrial recession in India. The Govt may or may not accept these facts currently, but India is also under sereious Industrial Recession.

Meanwhile world bank has predicted that India would grow at 5.8% in the year 2009-10. We all should be very amused to see these facts. Because at this point in time hardly any other economy in the world but for China,Russia and Brazil is showing some positive growth. Last week Russia also announced that it is under recession and same is the situation with Japan. The stimulus package of Rs 32,000 crore was simply not sufficient for any sort of trigger in the economy.

RBI has also indicated that it will be bringing more such stimulus packages in the coming days. Data shows that till now almost 25 US banks have gone bust or bankrupt till now since USA entered the recession phase from December last year. The $1 trillion bail out package announced by Mr.Obama brought some cheers which hardly lasted for a while.

On the last trading session of the week Sensex managed to gain 44 points to close at 9690 levels and nifty closed flat at 2921 levels. As said here earlier that sensex will face resistence at 10,000 levels and the same happened last week. 3000 in nifty is also a big resistence. Nikkei-225 and Hang Seng fell by 5% each on Friday last. Meanwhile analysts are expecting that crude oil could march towards $25-30/barrel in the coming days due to lack in demand from major countries like USA,China etc.

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