August 25, 2011

Breaking News in India and Stock Market Scenario

The current Breaking News India for several days at a stretch is of course centered on civil rights activist Anna Hazare. Lakhs of people flocked to the streets to support the Gandhian leader and none resorted to violence. No wonder this breaking news in India did catch worldwide attention. Anna Hazare stated that his campaign for a strong ant-corruption legislation, i.e. the Lokpal Bill will continue till he is alive. According to the latest breaking news, he is released from Tihar jail; the leader will continue his fasting at Ram Leela Maidan.

The Indian Stock Market sinks to a 15 month low with NSE Nifty going below the 5000 mark and the BSE sensex below the 16500 mark. Till a month ago both the NSE nifty and BSE sensex figures hovered above 5500 and 18000 mark respectively. With global growth being affected such as US economy faltering, likelihood of Europe’s debt credit spreading not to mention rising interest rates, inflation, etc. market analysts now predict of the markets to go down further in the near future. Such poor stock market performance has also served as breaking news in India for some time. Cautious investment after closely watching the market will save you little!