Terror Strikes and the Rupee
By: chandna preeti kaur on Monday, July 28, 2008, 11:53:10 AM
1 Reponses

    Political victory achieved by the Congress and its UPA partners throught the confidence motion on Tuesday gve the markets positive cue which in turn led to the rise in the Sensex and the Nifty. The whole of the week that followed showed a positive trend in the markets.
    However, the weekend was a dampener with the dollar gaining strength and a serial bomb blast that shocked and shattered the IT hub of the south, Banglore. The story doesnt end there, on Saturday a similar tale of tragedy unfolded, when 17 serila bombs exploded in Ahemdabad in Gujarat. Unfortuntely the nightmare dosent end here, the terrorist group Indian Mujahidin that claims the responsibility of the blasts in Ahemdabad has threatened, apart from the Chief Minister and the Deputy Chief minister of Marashtra, a top business tycoon Anil Ambani.keeping this in mind the security has been beefed up throughout the major cities in the country.
    This recent incident along with the dollr gaining stregth is going to hve some effect on the markets today nd in the recent days to come. However the recent market trends showing a positive affiliation will also infuse some positivity into the market.

Lets hope the latter rules over the dampening spirits caused by the ragic bomb blasts


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1 .  Saurabh Gupta Says:

Thursday, July 31, 2008 , 05:52:32 PM
yes dear..
its fact..
i appricate about this blog post..
really i can't imagine about this one in last days..

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