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Tuesday, November 23, 2010
Indian Stock markets nosedives on Korean fears
Indian Markets booked profits as investors took advantage of financial and some minor military turbulance between North Korea and South Korea, Financial condition of Ireland also added fuel to fire, I mean the fire of selling, at one point the 30 component benchmark index SENSEX was down by over 500 points during intraday trading, The sudden drop and immediate stability from 600 points to just 265 points at closing shows the DNA of highly volatile Indian Stock Markets.
30-share BSE index dropped 1.33 percent, or 265.75 points, to 19,691.84 at EOD, and 28 components were in red at closing today.
The National Stock Exchange's NIFTY also nosedived by 1.25 percent to close at 5934.75
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