Major world stock indices remained down for two consuctive weeks, first was the Earthquake in Japan followed by TSunami, which devastated world's third largest economy and would surely increase the debt of japanese government to new highs, The second reason was rising unrest in middle-east Libya and now Bahrain, The main reason for middle-east unrest is oil and according to my own judgement this is being propelled by developed economies headed by biggest and worst USA, looks like they want to own each and every oil field of world. Time for downfall of US has already started and that is in form of China. Indian stock markets are down, SENSEX and NIFTY closing in red for two weeks in a row.
Coming back to Indian stock markets, In past two weeks- RIL(Reliance Industries Ltd) fell the most in nearly 11 months and closed 3.7% lower at 993.2.
The 30-share BSE SENSEX index declined 1.49%, or 271.06 points, to 17,878.8 in this week. FDI or black money invested in indian stocks have taken ack 1.7 billion thus pulling SENSEX down by more than 12 percent.
Posts
