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Benchmark Indian stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY declines by nearly 2 percent today as weak global sentiments and strong US dollar made Financial institutions to take out money from BRICS stock markets for investing in some less riskier options.
The 30 component BSE's SENSEX ended the day at 26781.44 down by 538.12 points, whereas broader index NSE's NIFTY closed lower by 152 points at 8067 level. All of the BRICS nations are feeling the heat as China which is biggest of the group reported declining industrial output on weak demand and India too would feel the heat in coming months.
INR declined wrto USD and ended the day at 63.53/USD and is all set to breach 65/USD mark in coming days. Meanwhile crude oil dropped below $60 per barrel mark today and closed at $59/barrel and is predicted to fall till second quarter of 2015.
Indian Stock markets shall see Foreign investors taking out their money from the markets in coming days and we will see correction in Indian stock markets in coming days.
Benchmark Indian stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY declines by nearly 2 percent today as weak global sentiments and strong US dollar made Financial institutions to take out money from BRICS stock markets for investing in some less riskier options.
The 30 component BSE's SENSEX ended the day at 26781.44 down by 538.12 points, whereas broader index NSE's NIFTY closed lower by 152 points at 8067 level. All of the BRICS nations are feeling the heat as China which is biggest of the group reported declining industrial output on weak demand and India too would feel the heat in coming months.
INR declined wrto USD and ended the day at 63.53/USD and is all set to breach 65/USD mark in coming days. Meanwhile crude oil dropped below $60 per barrel mark today and closed at $59/barrel and is predicted to fall till second quarter of 2015.
Indian Stock markets shall see Foreign investors taking out their money from the markets in coming days and we will see correction in Indian stock markets in coming days.
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