March 18, 2009

BSE Index is the mirror of our economy

Are you a fan of share market news and BSE Index? Well, many people like us are quite interested in this issue. It is because they have either invested in the market or have bought shares of some company. Every individual keeps track of this news, whether it’s a business owner or an executive. These days, the condition of BSE included companies and index has been in news. It is showing irregular downfall and uprights that people are giving different views. Another thing that can be checked out from BSE sensex is that it tells you about the increase and decrease in various commodities. For e.g. you can check the rise or fall in the price of steel, consumer good, industry raw materials and even rubber.

BSE is known as Bombay Stock Exchange and is comprised of 30 companies, covering all the important sectors of business. These BSE companies include Hindalco, Tata Group, Reliance Group, Bharti Airtel, HDFC Bank, Hindustan Motors, Mahindra & Mahindra, Sun Pharmaceutical and Wipro. The recent wavering of share market had casted bad effect on the employment sector. This resulted in cost cutting practice that started off by removing people from their jobs. Another problem was the inflation that rose to such an extent that it seemed difficult for the common man to manage his expenses. There are was a price hike in almost all products, which resulted in problems. So, this shows that BSE has straight effect on the economy of the country.