New Delhi (Paisawaisa) 19 November, 2008: The National Stock Exchange stock market posted a slump of 57.55 percent before coming down to the 2742 mark. Other similitude of the former ie namely Bombay Stock Exchange too met the same fate by felling down by 206.89 points before halting at the 9084.12 point.
Religare securities, a known name among the traders fraternity, too has predicted further crashes if the market sustains volatility. With foreign influences disturbing the equations, pressure exerted by both the inbound factors as well as the global factors has made the issues more complicated for the stock market traders. Dow Jones, Nasdaq and Standard & Poor's index too recorded a slump on the Monday of this week. Even the prominent Asian stock exchanges too are feeling the heat of the global economic lethargy that has already crippled the various leading economies on the planet. Nikkei posted a slump of 0.5 percent, Topix, 02.6 percent and Straits Times came down by 1.8 percent. Even Hang Seng too registered a collapse of 2.46 percent.
Going as per this hit rate, it is quite evident that the mayhem caused by the liquidity crisis is here to stay, and the markets will need some time to get out of the shell. Till then, trade experts need to figure some way out of it.
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