Indian share markets fell sharply backed by bad global cues. The Asian markets opened weak and cracked by 3.8% in Nekkei-225 and Hang Seng too. Reacting to this the Indian share markets fell down heavily today. The RIL-RPL merger also didn’t lift the moods of the market. Sensex crasjed by 3.2% to close at 8607 levels and Nifty lost 3.33% to close at 2674 levels.

AIG has announced a loss of $61.8 Billion in Q4 2008. This shocking piece of news has put a hell lot of pressure on Dow which is making new lows at the street. Dow is now down by 3.29% at 6830 levels and Nasdaq is also down by 2.83%. The cascading effect will be felt tomorrow in the Indian markets too. So just be cautious while making delivery calls and trading.

Powered by

Related posts:

  1. Wall Street And Major Global Markets Crash, India Markets Reacts Badly.Aug IIP Slumps To 1.3%.
  2. JPMorgan About To Buy Ailing Bear Stearns,Fed Cuts Discount Rates By 3.25%,Asian Stock Markets Crash–>Indian Markets To Follow The Cue.
  3. US Markets Crash In A Big Way Due To Financial Crisis: Indian Markets To Follow Suit
  4. Where Are The Indian Share Markets Headed? G20 Meeting In Progress.Inflation Falls To 8.98%.
  5. Markets Beat Global Cues:Down 189 Points,What Lies Ahead?
  6. Lower Inflation And Positive Global Cues: Markets Racing Ahead

Enter your email ID and subscribe to get similar articles in your mail

Delivered by FeedBurner