Posts
Major Indian stock exchanges are reeling under heavy selling pressures after Federal reserve's chairman Ben Bernanke announced that bond buying shall gradually end by december, thus signalling US economy revival is on right track and FII's take back money invested in Indian stock markets back for investing on their own land as economy becomes stable slowly.
The 30 component benchmark index BSE's SENSEX is down by over 450 points currently and is under 19k levels, whereas NSE's NIFTY is trading below the 5700 mark today.
Now since FII's are taking back USD's invested in Indian markets thus INR has fallen below the 60/USD mark today, because of INR falling to record low RBI has sold of US dollars through public sector banks to stop further fall. The summary of whole this comes to one line 'US FII's invested money in indian markets when their own market was not giving returns and now taking back their money' thus we can proudly say 'Indian Stock markets are not more then playground for non-indian FII's'.
The 30 component benchmark index BSE's SENSEX is down by over 450 points currently and is under 19k levels, whereas NSE's NIFTY is trading below the 5700 mark today.
Now since FII's are taking back USD's invested in Indian markets thus INR has fallen below the 60/USD mark today, because of INR falling to record low RBI has sold of US dollars through public sector banks to stop further fall. The summary of whole this comes to one line 'US FII's invested money in indian markets when their own market was not giving returns and now taking back their money' thus we can proudly say 'Indian Stock markets are not more then playground for non-indian FII's'.
No comments:
Post a Comment